๐๐จ๐ฐ ๐ญ๐จ ๐ ๐ข๐ฏ๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ ๐
๐๐๐ (๐๐๐๐ซ ๐จ๐ ๐ฆ๐ข๐ฌ๐ฌ๐ข๐ง๐ ๐จ๐ฎ๐ญ).. ๐ ๐ญ๐ข๐ฉ๐ฌ!
A flock of sheep, a shoal of fish, a herd of โฆ Investors!
For better or for worse investors run in packs and get attracted to start-ups in herds. Itโs not uncommon for one interested investor to quickly turn into many and fill a seed round.
So how do we attract the herd?
โฆ by creating FOMO (fear of missing out).
https://www.linkedin.com/in/benjamin-peleg-b7673080/
https://www.facebook.com/ben.peleg.7/
Due to the huge returns start-ups can provide, investors are more afraid of missing out on a great opportunity than they are afraid of losing their money.
As founders we need to tap into that fear when pitching.
๐๐ข๐ฉ ๐ โ ๐๐จ๐ฐ ๐ก๐จ๐ญ ๐ข๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ?
A big market is good, but a hot market is what creates FOMO.
A hot market is less about the size and more about itโs growth rate.
So how quickly is your market/ industry growing?
CAGR which stands for compound annual growth rate, find the CAGR of your market and focus on demonstrating how hot your market is.
๐๐ข๐ฉ ๐ โ ๐๐ฌ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐
Competitors often illicit a lot of fear and secretiveness within start-ups. But funnily enough they can be a valuable asset in your investor pitch.
Having successful competitors is one of the best ways to validate that your market exists and demonstrate the high demand for your service.
๐๐ข๐ฉ ๐ โ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ ๐ฅ๐จ๐ฏ๐ ๐จ๐ญ๐ก๐๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ
Nothing makes your start-up more attractive to an investor than the knowledge that another investor has or is about to make an offer.
Get that first investor interested and then use that interest to create FOMO with other investors.
Youโd be surprised how much ears prick up when they realise the ship might sail off without them. __________________________________________
My โ๐๐ข๐ญ๐๐ก ๐ฐ๐ข๐ญ๐ก ๐๐ฆ๐ฉ๐๐๐ญ: ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ ๐๐ญ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ ๐ซ๐๐ฆโ, is about implementing a proven framework for pitching and creating that FOMO feeling with investors.
Utilising this framework clients have attracted herds of investors and put themselves in the position to selectively chose which investor they want to work with.
Comment โ๐
๐๐๐โ below to find out more about how the program can help you raise funds and close your seed round.