The 100-Day Venture Capital Challenge: A Journey to Secure Seed Investment. Can it be done?
John
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We are embarking on an ambitious quest to raise venture capital seed money for www.reyaltee.com within a mere 100 days. Follow us as we make this journey and discover the valuable lessons learned along the way.
Raising capital is notoriously challenging, with only a select few entrepreneurs achieving success. Our goal is not only to secure funding but also to provide guidance and inspiration for fellow entrepreneurs facing similar hurdles.
We started almost 2 weeks ago. We decided to share our experiences. Follow us for updates.
Week One: Strategic Research and Preparation:
The journey kicks off with thorough online research, identifying pre-seed and seed venture capital firms that align with our business vision. Scrutinizing each firm's investment stage, geographical preferences, and industry focus, we seek the perfect match.
Week Two: Initiating Connections:
With a strategic plan in place, we initiate contact with venture capital firms, showcasing our compelling business pitch and providing additional information as requested. Though faced with initial rejections, we remain undeterred, understanding that every "no" brings us closer to the right investor.
Results so far:
3 VC rejections due to geographical preferences. In our defense, they mentioned on their website that they invest outside of their area from time to time.
1 VC for follow-up.
Any advice from your experience raising seed capital?
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