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Startup 
Funding 
101: 
How 
To 
Get 
Started, 
with 
Adeo 
Ressi
Meet Today’s Moderator 
Shahab Kaviani 
Co-Founder | CMO, Onevest 
• 10+ years as a startup founder 
• Previously co-founded 
CoFoundersLab and 
HyperOffice (exited) 
• Raised over $800k – including 
a portion via equity 
crowdfunding
Disclaimer 
Securities offered through WealthForge, LLC. Member FINRA/SIPC Onevest 
Corporation ("Onevest") is not a registered broker-dealer and does not give 
investment advice with respect to any securities. All the startup offerings 
listed are offered by the applicable Issuer. Onevest has not taken any steps to 
verify the accuracy of the information provided on the offerings that are 
listed. Onevest takes no part in the negotiation of the transaction and no 
securities are executed through Onevest's platform. Onevest receives no 
compensation in connection with the purchase or sale of securities. 
Testimonials may not be representative of the experience of all clients. 
Testimonials are not a guarantee of future performance or success.
CAPABILITIES 
STATISTICS 
50,000 Entrepreneurs and 
Investors 
7,000 introductions per month 
Companies who have worked 
with Onevest have collectively 
raised over $100M in funding 
Equity crowdfunding 
Founder-matching via website 
and events 
Connecting investors with 
promising startups 
Free live educational webinars
SUCCESSFUL MATCH 
SUCCESSFULLY RAISED 
Boulder, 
CO 
Built 
their 
team 
on 
Onevest 
Techstars 
Alumni 
AusCn, 
TX 
Raised 
$750K 
w/ 
the 
help 
of 
Onevest 
Capital 
Factory 
Alumni
The New World of Funding 
Don’t Be Shooting Blanks
3 Sources of Capital 
Start Here 
ITEM FOOLS ANGELS VCS 
Full-time Team or Founders - 1 > 2 
Proven Domain Expertise - PARTIAL YES 
Functioning Prototype - YES YES 
Initial Customer Adoption - YES STRONG 
Finished Product - - YES 
Proven Customer Use Cases - - YES 
Monthly Growth >20% - - YES 
AMOUNT $25-50K $250-750K $1.5-3.0 MM
What to Expect 
• 1 Full-time CEO Founder 
• 20 Hours per Week 
• During All Hours 
• 3 to 6 Months 
• $5,000 - $15,000 in Legal 
• Economics 
– Time Invested = 240 Hours 
– Earning per Hour = > $1,000
set your 
strategy
your only goal is to find a lead
The Role of the Lead 
• Complete diligence on your company 
• Provide credibility to other angel investors 
• Set financial terms of the investment 
• Provide operating expertise and advice
1. Interest in Your Segment 
2. Financial Resources 
3. Time & Risk Readiness
Lead 
30 Posers 
20 Interested 
10 Investors 
1 Lead
you will get blacklisted 
by premature fundraising
get out 
there
attend every industry event
Lead Follow On Connector 
1 
2 
3
build 
relationships
start by building interest, 
then convert to a lead
1.Meet 
2.Invite to Coffee 
3.News Update 
4.Meet at Event 
5.Dinner Invite 
6.Funding Ask 
7.News Update 
1 
2 
~ 50% 
3 
4 
5 6 
7 
Likelihood to Close 
Time 
~ 1 Month
the goal of each meeting 
is to get to the next meeting
Soft Circled 
Hard Circled 
$75,000 
$200,000 
75% Likelihood 
25% Likelihood
converting 
a lead
“Would you be interested in 
being an advisor 
and leading the round?”
Compensate the Lead 
• Offer an Advisor Position 
– Only AFTER agreement to lead 
– Start with off the Board, but Board Possible 
• Offer Advisory Shares 
– 0.5% to 2.5% in options that vest over 2 year
Propose the Terms 
• Outline Terms to Lead 
– Start with a friendly Convertible Debt Round 
• Have Company Counsel Draft Term Sheet 
– Reduce the costs of lead’s legal 
• Produce the Final Agreements 
– Simplify time required to lead
Build Buzz 
• Plan a Series of Company Internal Milestones 
– Ensure updates in a monthly newsletter 
• Organize One Public Announcement before Close 
– External validation is key, such as partnerships 
• Ensure Metrics are Moving Up and to the Right 
– Bad performance during fundraising can kill a deal
closing 
the deal
Needed to Close 
• Strong company counsel engaged 
• Agreed upon Term Sheet 
• Minimum closing amount 
• Minimum investment amount 
• Initial closing date 
• Maximum amount with a rolling close
The Round Composition 
ITEM NUMBER TARGET MIN MIX 
Lead Investor 1 1 $50,000 $500,000 + 
Large Angels 0 - 5 1 $50,000 $250,000 + 
Small Angels 0 - 10 3 $10,000 $25,000 
Friends 0 - 3 0 $5,000 $10,000 
TOTAL - 5 - 6 $250,000 $500,000
Equity or Convertible 
ITEM EQUITY CONVERTIBLE 
Term Sheet 3 Pages 1 Page 
Closing Costs $15 - $25,000 $5 - $15,000 
Position Preferred Owner Option 
Control Board and Operations Requiring Capital 
Negative Hard to Price Equity New 
Positive Clear Ownership Easy and Fast
Valuation 
ITEM LOW HIGH 
Pre Money 1,000,000 5,000,000 
Raise 150,000 1,000,000 
Post Money 1,150,000 6,000,000 
Option Pool 10% 20% 
Ownership 13.0% 23.1% 
Fully Dilluted 12.7% 19.6%
in closing…
There are no shortcuts.
Tips 
• Be patient and build the relationship 
• Don’t ask for investment if “no” is likely 
• Investors will say “yes,” but will not fund you 
• Practice and refine the pitch constantly 
• Don’t give benefits until the deal is done 
• Stick to the facts 
• Don’t overpromise
Thank you! 
@founding
Next Steps 
• Visit Onevest.com 
• Visit Learn.Onevest.com 
• Twitter: @onevest 
• Facebook: /onevest

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Startup Fundraising 101

  • 1. Startup Funding 101: How To Get Started, with Adeo Ressi
  • 2. Meet Today’s Moderator Shahab Kaviani Co-Founder | CMO, Onevest • 10+ years as a startup founder • Previously co-founded CoFoundersLab and HyperOffice (exited) • Raised over $800k – including a portion via equity crowdfunding
  • 3. Disclaimer Securities offered through WealthForge, LLC. Member FINRA/SIPC Onevest Corporation ("Onevest") is not a registered broker-dealer and does not give investment advice with respect to any securities. All the startup offerings listed are offered by the applicable Issuer. Onevest has not taken any steps to verify the accuracy of the information provided on the offerings that are listed. Onevest takes no part in the negotiation of the transaction and no securities are executed through Onevest's platform. Onevest receives no compensation in connection with the purchase or sale of securities. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.
  • 4. CAPABILITIES STATISTICS 50,000 Entrepreneurs and Investors 7,000 introductions per month Companies who have worked with Onevest have collectively raised over $100M in funding Equity crowdfunding Founder-matching via website and events Connecting investors with promising startups Free live educational webinars
  • 5. SUCCESSFUL MATCH SUCCESSFULLY RAISED Boulder, CO Built their team on Onevest Techstars Alumni AusCn, TX Raised $750K w/ the help of Onevest Capital Factory Alumni
  • 6. The New World of Funding Don’t Be Shooting Blanks
  • 7. 3 Sources of Capital Start Here ITEM FOOLS ANGELS VCS Full-time Team or Founders - 1 > 2 Proven Domain Expertise - PARTIAL YES Functioning Prototype - YES YES Initial Customer Adoption - YES STRONG Finished Product - - YES Proven Customer Use Cases - - YES Monthly Growth >20% - - YES AMOUNT $25-50K $250-750K $1.5-3.0 MM
  • 8. What to Expect • 1 Full-time CEO Founder • 20 Hours per Week • During All Hours • 3 to 6 Months • $5,000 - $15,000 in Legal • Economics – Time Invested = 240 Hours – Earning per Hour = > $1,000
  • 10. your only goal is to find a lead
  • 11. The Role of the Lead • Complete diligence on your company • Provide credibility to other angel investors • Set financial terms of the investment • Provide operating expertise and advice
  • 12. 1. Interest in Your Segment 2. Financial Resources 3. Time & Risk Readiness
  • 13. Lead 30 Posers 20 Interested 10 Investors 1 Lead
  • 14. you will get blacklisted by premature fundraising
  • 17.
  • 18. Lead Follow On Connector 1 2 3
  • 20. start by building interest, then convert to a lead
  • 21. 1.Meet 2.Invite to Coffee 3.News Update 4.Meet at Event 5.Dinner Invite 6.Funding Ask 7.News Update 1 2 ~ 50% 3 4 5 6 7 Likelihood to Close Time ~ 1 Month
  • 22. the goal of each meeting is to get to the next meeting
  • 23. Soft Circled Hard Circled $75,000 $200,000 75% Likelihood 25% Likelihood
  • 25. “Would you be interested in being an advisor and leading the round?”
  • 26. Compensate the Lead • Offer an Advisor Position – Only AFTER agreement to lead – Start with off the Board, but Board Possible • Offer Advisory Shares – 0.5% to 2.5% in options that vest over 2 year
  • 27. Propose the Terms • Outline Terms to Lead – Start with a friendly Convertible Debt Round • Have Company Counsel Draft Term Sheet – Reduce the costs of lead’s legal • Produce the Final Agreements – Simplify time required to lead
  • 28. Build Buzz • Plan a Series of Company Internal Milestones – Ensure updates in a monthly newsletter • Organize One Public Announcement before Close – External validation is key, such as partnerships • Ensure Metrics are Moving Up and to the Right – Bad performance during fundraising can kill a deal
  • 30. Needed to Close • Strong company counsel engaged • Agreed upon Term Sheet • Minimum closing amount • Minimum investment amount • Initial closing date • Maximum amount with a rolling close
  • 31. The Round Composition ITEM NUMBER TARGET MIN MIX Lead Investor 1 1 $50,000 $500,000 + Large Angels 0 - 5 1 $50,000 $250,000 + Small Angels 0 - 10 3 $10,000 $25,000 Friends 0 - 3 0 $5,000 $10,000 TOTAL - 5 - 6 $250,000 $500,000
  • 32. Equity or Convertible ITEM EQUITY CONVERTIBLE Term Sheet 3 Pages 1 Page Closing Costs $15 - $25,000 $5 - $15,000 Position Preferred Owner Option Control Board and Operations Requiring Capital Negative Hard to Price Equity New Positive Clear Ownership Easy and Fast
  • 33. Valuation ITEM LOW HIGH Pre Money 1,000,000 5,000,000 Raise 150,000 1,000,000 Post Money 1,150,000 6,000,000 Option Pool 10% 20% Ownership 13.0% 23.1% Fully Dilluted 12.7% 19.6%
  • 35. There are no shortcuts.
  • 36. Tips • Be patient and build the relationship • Don’t ask for investment if “no” is likely • Investors will say “yes,” but will not fund you • Practice and refine the pitch constantly • Don’t give benefits until the deal is done • Stick to the facts • Don’t overpromise
  • 38. Next Steps • Visit Onevest.com • Visit Learn.Onevest.com • Twitter: @onevest • Facebook: /onevest