Unless you’re sitting on a huge inheritance, a prior successful business sale, or have the ability to scrape by to bootstrap there is a good chance you’ll need investors to help get your startup going. Dealing with potential investors is tricky to say the least and goes well beyond just identifying them. Once you do get a meeting or even a chance encounter here are a few things you should try to avoid when pitching potential investors (in no specific order):
Learning what not to say and do are only helpful, though, if you understand why these things can have a negative impact and derail an otherwise promising pitch. It’s not enough to avoid tricky phrases; you need to know what potential problems they highlight in your business plan. Even with all the right information and a great pitch, it may take time to secure the funding you need to get your startup off the ground.
NOTE: Some of these came from similar posts by Mark Cuban on Cyber Dust. If you join Cyber Dust be sure to add me there as well. My Cyber Dust username is kenneymyers.