Tuesday, April 19, 2011

When Approaching Investors It Is Important To Know the Answers to the Following Questions -




What does your company do?
What's new about what you're doing?
What do you understand about your business that other companies don't?
How will you acquire customers?
How will you make money?

Who are your competitors, and who might become competitors?
If you've already started working on it, how long have you been at it?
If you have a demo, can anyone view it?
How long will it take before you have a prototype? A beta? A version you can charge for?
Why would your idea be hard for someone else to duplicate?

What are the biggest unknowns or risks in your idea (what keeps you up at night)?
For each founder, please list: name, age, school, degree, email address, personal URL (if any); and present employer and title (if any)
What products or companies have any of you built before? (Include URLs if possible)
How long have the founders known one another and how did you meet?

If you're already incorporated, when were you? Who are the shareholders and what percent does each own?
If you've previously received funding, how much did you take and at what valuation(s)?
If you're not incorporated yet, please list the percent of the company you plan to give each founder, and to anyone else (advisors, etc.).
If you expect to have any major expenses beyond salary, hosting and development tools, what will they be?
How long do you expect to work on this idea?
Do any founders have other commitments for the next 12 months?

Are any of the founders covered by noncompetes or intellectual property agreements that overlap with your project?
Was any of your code written or product designed by someone who is not one of your founders? If so, do you have the right to use it? (Open source is OK)
Please share one personal fact about each founder that helps us understand who you are as a person.



0 click to comment:

Post a Comment

Translate


NEW SHOP

Events

Events
Quality Networking w/Founders and Professionals

Leads Tips + Get Assistance

Featured Post

How Does A Marketing Service Provider Like BJ Mannyst Help Our Service Business?

There’s no single day that goes by that our team doesn’t think about how do we assist the millions: of local small medium service busine...

Join Founders

Join Founders
Join Unconventional Founders Community

Search This Blog

Popular Posts

Blog Archive

Labels

Whatsapp Us


If necessary, you are welcome to WHATSAPP us (mobile)

 SF

Contact

Providing unconventional and conventional marketing service and business solutions, that focuses on early & growing service oriented organization. Proud partner to Founders Under 40 Group

Use form first so we can personalized engagement because we don't serve everyone.

Contact form


EM: info[at]foundersunder40[dot]com
Telegram: t.me/bjmfoundersunder40general
Whatsapp: whatsapp us
Skype: amhiredaidto
Chat: IM, SMS
SF: 415 -- 7## -- ####
TO: 437 -- ### -- ####
Mon – Sat 9am – 7pm Eastern Time
Toronto. New York. San Francisco. US. Europe. Africa.