Mogul Millennial’s Pitch A Founder Event Provides Advice for Founders Seeking Investors
In January, Mogul Millennial, the leading media platform that helps Black entrepreneurs and professionals learn new skills and grow in their careers, held its "Pitch A Founder" event. Over two days, the virtual event connected Black founders to start-up funding opportunities, which included insight into fundraising, networking with other founders and dynamic presentations from investors.
Here's some advice from a few investors for entrepreneurs who are looking to get the attention of investors.
Miles Dotson
Company: Devland
Position: Managing Partner
Instagram: @MilesGDotson
What advice do you have for entrepreneurs who are looking for investors?
Focus on your ability to articulate the opportunity. The story needs to convince investors that you (and team if applying) are unfairly advantaged, that you have a unique understanding of your area of focus + business model fluently, and offer a firm opportunity for liquidity after your goals have been accomplished.
Photo Credit: Demondre Ward
Bruce Hamilton
Company: Mech Ventures
Position: Co-Founder & Partner
Instagram: @IBruceHamilton
What advice do you have for entrepreneurs who are looking for investors?
Storytelling is now a key component to getting investors. In the world of hip hop, the old age is "people either want to be you or believe you." Make your potential investors feel like they are in the cockpit with you on this journey.
Photo Credit: Ural Garrett
William Leonard
Company: Valor Ventures
Position: Investor
What advice do you have for entrepreneurs who are looking for investors?
Know what type of investor you're looking for:
This means knowing the stage of your business and the types of investors who are most active at that particular stage in your sector. This requires time, research, and leveraging your network but will yield dividends during your fundraising process. Use sites like Crunchbase, Pitchbook, or a simple google search.
Go where investors are at and make genuine connections. Network with them at local tech accelerators, co-working spaces, and entrepreneurship community events.
Become a subject matter expert on your particular industry and display that knowledge on social mediums where investors hang out like Twitter and LinkedIn -- this will help attract them to you!
Photo Credit: Courtesy of William Leonard
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