No Followers Podcast: for Inventors, Builders, Entrepreneurs

What Questions Do You Ask Potential Investors?


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In This Episode:

** Ask questions. Get answers, even if you don't like the answers.
** Taking information in is so important.
** Have you ever heard of Sicilian Amnesia?
** How to talk to investors.
** Investors should be bringing more to the table than money.
** Get market intel and ideally sell something. You shouldn't be jumping to investors first.
** Investors can bring in other expertise.
** As an investor, I'm going to push back on you too.
** It's not a one-way interview. Both sides must ask tough questions.
** I feel like Tiny Tim.
** Do all your analysis and get market validation first.
** What do you bring to the table besides money?
** Why do you want to be involved with me and my product?
** What is your ROI and timeline? Do you need the money for bills?
** Ask uncomfortable questions.
** We lay out all the milestones and ask questions up front.
** I always ask, what else have you invested in?
** I try to test them. How are they in a crisis? How do they handle "no"?
** My fundraising mantra is, "I want alignment".
** Early on, it's like a dinner meeting.
** Real Estate investing is a completely different risk profile.
** What was the largest challenge building your business?
** The first step is a conversation. Can I work with this group?
** Uncomfortable conversations.
** It will come down to due diligence.
** Is it worth investing the time if you are not going to be good partners?
** Don't share proprietary information up front. Filter for qualified investors.
** It takes time to build relationships and trust.
** Have honest early-stage conversations.
** Investors want to see that you think strategically.
** Ideally what does this investment look like?
** I hate maybes. What else are you looking for?
** You need to keep networking. It's a numbers game.
** Build warm leads.
** Put it in writing even if it is your family and friends.
** Know what you are getting and who you are dealing with.
** Loans vs. Investments

Sponsor this podcast at chrisjonesmedia.com

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No Followers Podcast: for Inventors, Builders, EntrepreneursBy No Followers