More good news on the funding front. Companies continue to get funding. The sky isn’t falling, though it definitely seems closer than it did a few months ago. The activity is happening at the mid-high Angel amounts and is mostly beneath the radar.
If you are looking for funding in this market, you will need to ensure the following:
- How tight is your story? In a competitive market, does your story resonate more than others?
- What valuation are you looking for? It isn’t a “sellers” market anymore. Some are saying that there is more rational with valuations.
- Do you have the right team and are you the best CEO? Now is the time to take a hard look at your team (including you) and do a full assessment of everyone’s capabilities. Is everyone in the correct role for their skills and abilities?
- Can you execute to your plan? Where are the holes in your marketing, sales, bizdev strategies? Identify them now and fix them!
On a side note, anecdotally, I heard that a local Angel group; Alliance of Angels has seen an increase in investors in the last month. So, you may need to change where you are going as you look for capital.
About nathan kaiser
