Hi Abdul. If you already have an idea and want a seed investment for your startup then reach out to many such investors who can see the potential in your investment. You can take help of cold-emailing or take part in competitions or can make a proper proposal for them to invest in your startup. Firstly, create a database and then send cold emails explaining your startup idea along with a proposal.
Fundraising can be brutal sometimes. It is challenging and demanding in many ways and thus requires you to put on your A Game! You need to think out of the box and present your case in such a manner that it becomes hard for the investor to not believe in your idea. Watch ‘How to think like an Entrepreneur’ to come up with unique ideas and new perspectives.
It is very important to choose the right time for fundraising. Investors pay great attention to the existing condition of your startup and can determine the level of desperation in you. It is always best to look for funding when you are in a profitable position. This gives the investors confidence in your capabilities and builds trust and understanding. It is also very important to estimate the amount of money you are going to need for your startup. Having a proper clarity helps plan ahead of time and thus you can dedicate your resources in the right direction.
If you are in a position wherein there are multiple investor offers for funding your startup, make sure you carry out an analysis and look out for investor incentives. The investors become the board of directors of your company once they invest money in you so it is important to know that they have the same mindset as you for the growth and expansion of your startup. To know about how to acquire funding for your startup in the best way possible do watch the video ‘Fundraising for Startups : The Ultimate Guide’ by Arihant Jain and get answers to the most important questions.