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MenuWhat is the best way to raise funding for fintech blockchain based ecosystem?
Looking to the best way to raise capital alternative to ICO. ICO is dead, STO is well expensive. Where and how to find seed investors?
Answers
The prototype of the product should be ready even before approaching any entity to raise funds. Once this goal is achieved start writing your own questionnaire and answer six important questions to raise funds or capital from any entity.
The most important question to be answered is who is your trusted reliable resource. The most trusted reliable resource for your fintech blockchain based technology is to identify your paying clients or customers. IDENTIFYING right data points is going to open many avenues to funding opportunities. If you wish get more insight feel free to ask me next course of success model to raise funds.
All the best !!
You can raise funds from Angel Investors and then through VCs in the next round. This needs a detailed discussion, feel free to setup a call with me.
Hello! The appreciation of what blockchain can do is now spreading in large corporations. Most have started on at least an assessment of existing blockchain deployment approaches, many have invested in startups or became members of alliances.
One of the ways to get funding and exploit the uptick in demand is to get a prospective client to fund you. There are groups in established firms looking for startups to acquire or mentor. There are several grades of companies they look for - those with a small, established client base through those which have a fantastic idea but have not yet produced their MVP.
I'm an architect who works with 'innovation hunters' on a regular basis. I can help you explore this approach.
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Keep in mind that investors invest for returns. Telling a prospective investor that you want his or her money to grow your business but don't plan on ever generating a liquidation event that pays him or her a dividend is not likely going to work; angel or not. You may be better served with debt financing where returns are generated in the form of interest payments not equity value growth. BUT, if equity financing is the plan, you're going to want to develop a strategic exit plan right from the start. That means identifying prospective buyers, strategic channels etc and characterizing the value drivers for each right up front. You'll find prospective buyers come in a number of forms; competitors, bigger versions of you, strategic partners, private equity, etc. Each will value your business in different amounts for for different reasons. Understanding this is vitally important for you to navigate to securing the right money, from the right sources, with the most favorable terms. Once you've qualified and quantified each of them, then determine what (specifically) you're going to need to do to align your business with those prospective buyers generating the highest returns. This will drive your business model and go to market strategy and define your 'use of funds' decisions. This in turn result in a better, more valuable business whether you exit or not. Do it this way and you'll have no trouble raising money from multiple sources. You can learn more about the advantage of starting with a Strategic Exit plan here: http://www.zerolimitsventures.com/cadredc Good luck. SteveSL
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What does it mean to 'grandfather you in' in the tech world?
It stands for allowing someone to continue doing or use something that is normally no longer permitted (due to changing regulations, internal rules etc.)OO
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How much equity is typically taken by investors in a seed round?
From my experience I would not advise you to go with Venture Capital when you're a start-up as in the end they will most likely end up screwing you. A much better source for funding would be angel investors or friends/family. The question of how much equity should I give away differs for every start-up. I remember with my first company I gave away 30% because I wanted to get it off the ground. This was the best decision I ever made. Don't over valuate your company as having 70% of something is big is a whole lot better than having 100% of something small. You have to decide your companies value based on Assets/I.P(Intellectual Property)/Projections. I assume you have some follow up questions and I would love to help you so if you need any help feel free to call me. Kind Regards, GiulianoGS
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What is a normal churn rate for b2b saas company with an average monthly revenue of $850 per customer? Is 10% of the total monthly sales high or low?
10% of the total monthly sales churning on an absolute basis is near fatal. That means that within 5 months, you have 50% absolute churn per year, which reveals fundamental flaws with the service itself. Anything above small single digit churn is telling you and your team that customers are not seeing enough value in your product. I'd start by doing as many exit interviews as you can with those that have churned out, including, offers to reengage at a lower price-point while you fix the issues that matter to them. Happy to talk through this in more detail in a call.TW
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