Getting Advice

Once you are confident with your business plan and feel you are ready to ask for funding, be sure to practice your pitch and presentation on people who can offer you feedback and advice. Keep in mind that everyone will have their own opinion about your presentation and be ready to accept their criticism, but not to the extent it will compromise your vision. In the end, you are the team that has to execute on the business so if the advice consistently leads you down a different path that you are not comfortable with, either get new advice or find a different way to finance your business.

Astropreneurs is available to provide advice and guidance, should you have difficulty finding the right people to offer feedback.

Stock Distribution

Get your conversations about stock distribution among the management team out of the way well before presenting to investors. They will likely expect the acting CEO to have more ownership than the rest of the team. While the founders might like to have equal shares, investors need to know that key individuals have more incentive to remain involved. Make sure everyone is in agreement well in advance because if your team is not unified before meeting investors, this will probably cost you the deal.