5/18/2021 Tip: Teasing VCs

Today’s Quote

“The most valuable thing you can make is a mistake – you can’t learn anything from being perfect.”
~ Adam Osborne

 

Today’s Tip

Never send a venture capitalist (VC) your full business plan or executive summary initially. Rather, you need to send them a “teaser” email to see if they are interested. 

A “teaser” email is an email that “teases” the investor by giving them a bite-sized amount of compelling information about your company.

Once the VC “bites” on your teaser email, the next step is generally to send them your business plan. Following that you’ll do an in-person presentation(s), receive and negotiate a term sheet, and then sign a formal agreement and receive your funding check.

 

Today’s Resource

Forget Old School!

The “old-school” way of raising venture capital is DEAD! 

And that’s why I created this page for you… to show you how to do it right.

See the right way to raise venture capital <– 

There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded. 

Here’s how to do it right <—

 

Trivia

Today’s Question: What internationally popular sports clothing and shoe company paid only $35 for their logo?

Previous Question:  Who is the only entrepreneur in history to build three Fortune 500 companies?

Answer: Wayne Huizenga. 

Starting with a single garbage truck in 1968, he grew Waste Management, Inc. into an entity that would become a Fortune 500 company.

Wayne repeated his business success with Blockbuster Video, opening a handful of stores in 1987, and becoming the country’s leading movie rental chain by 1994. 

Eventually, Wayne would also build and acquire auto dealerships, from which in 1996 he formed AutoNation, which has become the nation’s largest automotive dealer and a Fortune 500 company. 

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