7 Steps: A VC’s Guide to Funding Your Startup

7 Steps: A VC’s Guide
to Funding Your Startup Shubhankar Bhattacharya is Partner at Kae Capital, a leading Indian venture capitalist (VC) firm investing in early stage start-ups. He has browsed through thousands of pitches and met hundreds of startups.

Few know, but Shubhankar was once an entrepreneur. His start-up Yaqsh wanted to tap into India’s $60 billion jewellery market. Unfortunately, it died due to lack of funding.

In his recent book, ‘VCs are from Venus, entrepreneurs are from Mars’ he busts the myths that exist between VCs and entrepreneurs.
“So the next time you are frustrated with the opposite side, remember that entrepreneurs are from Mars and VCs are from Venus,” writes Shubhankar. “Appreciating the fact that the two sides are naturally different will help you to be more respectful of the differences and allow you to be more loving.”
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Here is an entrepreneur-turned-VC’s guide to avoid rejection and get your startup funded:

#1 VCs appreciate referrals. This can be from other investors, companies in their portfolio or people in their network. This validates you over a complete cold deal.
7 Steps: A VC’s Guide
to Funding Your Startup #2 If you’re trying to pitch to a fund, the best way forward is to find out if someone in your network is connected. Use that connection to land an introduction.
7 Steps: A VC’s Guide
to Funding Your Startup #3 Once introduced, reach out personally. Bringing up the fact directly - you’re looking out for funding. Don’t beat around the bush. Convoluted messages don’t work.​ Offer a presentation. Just 10-15 slides that communicate all important information.
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7 Steps: A VC’s Guide
to Funding Your Startup #5 If the VC likes what he/she sees, they’ll invite you for a meeting or call.
7 Steps: A VC’s Guide
to Funding Your Startup #6 The important thing here is to figure the logistics of the meeting. Nail the time, place and date. Make it definite. Don’t leave it vague in the air.
7 Steps: A VC’s Guide
to Funding Your Startup #7 Most pitches end in a note. If a VC says no, important thing is not to lose your cool. If you’re that good, it’s the VC’s loss. There are a hundred others to reach out to.
7 Steps: A VC’s Guide
to Funding Your Startup #8 That’s the ideal mindset. Be calm.
7 Steps: A VC’s Guide
to Funding Your Startup #9 Are you up for it?
7 Steps: A VC’s Guide
to Funding Your Startup #10 Then what are you waiting for?
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7 Steps: A VC’s Guide
to Funding Your Startup