Forum Ventures report: where health systems say innovation is most needed
The report outlined four areas as a guide to help startups to sell into these systems
Read more...It all starts with a problem that needs to be solved. Then one day the answer comes in the form of an idea. Before you know it, your idea turns into something more. Now you're ready to try and launch a startup. The problem is, you're good at coming up with ideas but not selling the idea to investors and others who have the funds to give your idea life.
The best advice is not to run headlong into a pitch session without knowing who it is you are trying to sell your idea too. You must start by identifying which investors focus on your particular industry along with hunting down the kinds of companies they have a habit of funding.
If your startup idea feels like it fits with their investment habits, go ahead and strategize a good introduction via any networks you have. If you don't have any networks, that is one of the first things you must get done now before you do anything.
Once you have made some connections, contact them via email in order to introduce them in brief about your startup and what you expect to accomplish with it. Once they show some interest and have asked some questions, go ahead and ask them if you guys can do an in-person or virtual meeting to explain your goals.
Angel investors are those investors who supply startups, whether new or mature, with cash in exchange for convertible debt or owner equity. There are several types of investors:
When all else fails, you can always look for other business line of credit. The most important thing is to find lines of credit that are not going to burden you down too much - avoid high interest or other things that will give you a headache later on.
Michael Sanduso lives in Toronto, Canada. He is a freelance writer and editor, tech geek, and stay at home father.
All author postsThe report outlined four areas as a guide to help startups to sell into these systems
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