Startup Business Plan

Get Investors to Read Your Startup Business Plan

How do you get investors to read your startup business plan? Well short of walking into their offices and holding a gun on them, there's no guaranteed way to get them to read a business plan. There are however several ways to get them to not read your startup business plan and they include: Send it to investors who don't invest in your space - You're a pre-revenue media entertainment startup located in Washington DC seeking seed funding and you send the plan to a later-stage investor that doesn't focus in media and entertainment. Wrong Stage. Wrong Geography. Wrong Investor. Blind Unsolicited - Send in an unsolicited blind plan. Why waste a stamp. If you're sending in a blind, unsolicited business plan to an investor, save yourself a stamp. Just put it in an envelope, address the envelope and place it in your recycle bin. Maybe you should shred it first so no one else will find out how stupid you are. Technology - Make it all about the tech. Tell them every thing about the inner workings of your technology and ignore why anyone would want it. Use lots and lots of big words - Forget graphics, bullets and a narrative....

Another One Bites The Dust – West Coast Deal II

Another one bites the dust, packs up their bags, and leaves the DC area for Silicon Valley. Last week, YouEye, a firm that we covered back in February, left town for California. The company has been out on the money-raising circuit since the beginning of the year, received offers of funding at a reasonable valuation from several of the investors of the University of Maryland’s Dingman Center for Entrepreneurship Angel Network.  But after an expedition out west, YouEye received offers of funding at nearly twice the valuation that DC investors were offering. So walking in the footsteps documented in our article The West Coast Deal, which discussed local companies like PointAbout/AppMakr and Hitfix high-tailing it out of DC, YouEye’s CEO Kyle Henderson follows the money and headed west.  YouEye, a once Proudly Made in DC firm, becomes a Proudly Launched and Left DC firm. One possible bright side in the story for DC could be that several of the Dingman Angel investors co-invested with the west coast angels.  So we can hope that cash produced by a profitable liquidity event will be reinvested in DC....