STEP 1. Tell the system what affiliate products you want to promote STEP 2. Add some push button traffic (this LITERALLY takes 2 minutes) STEP 3. Watch the system grow your list and sell your affiliate products for you!
Crowdfunding is a fantastic new-age way to raise startup capital for your business, Today I’ll be making my case as to why Kickstarter, Fundable, and Indiegogo are the 3 best sites to grow funds for your idea. They all have their own unique pros and cons, so wat h this video to see which you prefer.
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5 Best Crowdfunding Sites
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Ever wondered how big is Alibaba? The Jack Ma led company, which is the biggest e-commerce company in China has left no stone unturned to emerge as one of the most valuable company in the world, surpassing its rivals Amazon and eBay. Today, Startup Stories features the wide range of businesses under Alibaba Holding Group.
Stay connected to our website – https://startupstories.in/ Video Rating: / 5
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Music by The FatRat.
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Need a Pitch Deck: slidebean.com/pitch-deck?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content
Raising money is hard. It’s so hard most companies fail at it.
In this video, we’ll look into traction requirements, pitch decks, alternative funding sources and on how to find investors. This is seed funding for entrepreneurs.
I’m the CEO of a company called Slidebean, and thousands of startups have used our platform to create their pitch decks. Their success is our success, and this is why we get involved with them and have learned a thing or to about what works, and what doesn’t.
I started my first company in 2011, and I failed at raising capital. I know the pain of shutting down a website you spent countless hours on, and having to email all your customers to say it’s game over.
The problem with my first company is that we spent too much time trying to find investors, hence we failed to notice some of the fundamental flaws in our product.
For Slidebean, we raised a seed round of 0,000 which has allowed us to grow to a team of 25, increase our revenue to seven digits and become profitable in the process. And yeah, it was hard.
I’m telling you this because I want you to trust my advice. I tried and failed, and I can look back and see why I got a ‘NO’ from most of the 142 investors I pitched. Yeah, 142 to raise 0,000.
So let’s talk about traction, first.
I have this problem with startup press (but we love YOU, @jordanrcrook). It gives new founders a false notion of how fundraising works. You read the story of Yo, an app that just sent notifications saying ‘Yo’ and how they raised a ,000,000 seed round, and you assume that’s something anyone with a couple of lines of code can do.
Most companies raise money AFTER getting traction. Very few companies raise money with just a prototype and no users, and certainly, NO company raises money without a fully formed founding team.
The most extreme case here is tech companies that are trying to raise money to hire a CTO. This makes no sense. Tech talent is expensive, and it’s scarce, and the first proof that your company is worth something is that you managed to find a full stack developer that would turn down a job at Google to work on this idea. As a CEO, you need to be able to find and convince that guy, who joins your company for the stock and not for the salary; when he could be making 0,000/yr otherwise.
The reality of startup fundraising today, at least in Silicon Valley and New York, is that companies are pitching investors with traction, excellent traction.
Traction usually comes in the form of revenue: tens of thousands of dollars per month, growing over +20% month-over-month. I’m not making this up, check this article by VC Elizabeth Yin. Pure play, no-revenue traction counts only when you are dealing with millions of users and fantastic retention rates.
So how can you get to these numbers venture capitalists expect, if you don’t have any money to start with? Yeah well, bootstrapping.
We bought our domain in 2013 and started working on our product, but it was only after 18 months that we managed to get any decent money to ramp up growth. It was 0,000 from the 500 Startups program, but we’ll talk about accelerators in a minute.
From May 2013 through October 2014 we bootstrapped. We did part-time consulting so we could pay our bills. We had a ,000 salary each, and we shared an apartment. It was barely enough, but the backgrounds of the three founders made up for all the talent we needed: no need to hire anyone. Our company burn rate was probably ,500 including our ‘salaries’ and the services we needed.
— Links we referred to:
Check out this one for more info on how to get into an accelerator: https://slidebean.com/blog/startups/accelerator-application-500-startups?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content&utm_term=seed-funding
To Download our Managing Investors spreadsheet template sign up to FounderHub here:
https://founderhub.io/?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content&utm_term=seed-funding
Elizabeth Yin Article:
https://elizabethyin.com/2018/10/18/should-you-raise-money-or-bootstrap/
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Slidebean is a pitch deck creation tool with hundreds of templates available to use as a starting point. Thousands of companies have used our platform to pitch investors and raise capital.
