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Fundraising for Euro Startups (Part 1)
 

Fundraising for Euro Startups (Part 1)

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My slides from the fundraising workshop for Eleven batch #6.

My slides from the fundraising workshop for Eleven batch #6.

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    Fundraising for Euro Startups (Part 1) Fundraising for Euro Startups (Part 1) Presentation Transcript

    • Hacking Fundraising for Euro startups
 
 @dresenalex
 founder kown.co
    • Hello, I am Alex Dresen and i know your pain Built 5 businesses 2 exits, 3 fails Raised $2.1M from angels, EU & US vc’s Coached entrepreneurs to fundraise I am a European « nomad »
    • My mission is to match you with capital so you can realize your dream Startup 
 and create wealth for investors
 
 alex@kown.co
    • « Investing is to fundraising what sex is to dating. »
    • MODUS OPERANDI « Oldschool » Meet, connect & find common ground (1st date)
 Build a relationship (2nd date) 
 Close (3rd date - sex)
    • 1. connect Oldschool Events Demodays Elevator picthes 2014 Twitter Facebook AngelList (Silicon valley) Kown (europe)
    • 2. Build a relationship
    • 3. Close Oldschool Lawyers Long negotiations Headaches Due diligence 3-6 months Investor-driven 2014 – Angie.co/Kown.com Standard contracts No lawyers Online closing Money in the bank within weeks Founder-driven
    • Some personal wartime Insights
    • 1. Due Diligence your investors ! Ask for references
 Check references
 Find out how they act (when the shit hits the fan)
    • 2. Smart money is « extremely » rare VC’s should give less advice because they “ haven’t done shit ” 
 
 “ 70% of VC’s add negative value in advising ”
 
 Vinod Khosla
    • 3. Your time = more valuable than investors’ time Focus on product
 Focus on getting customers ! Don’t waste your time (with wannabe investors or events)
    • 4. Understand « investors » Get introduced through an entrepreneur they’ve backed ! Your product should be awesome & loved ! Your vision/product/… should be ‘easily’ scalable
    • Want to raise for your startup? – Let’s talk. http://twitter.com/dresenalex
 http://facebook.com/dresenco ! alex@kown.co