Raising an $8 million seed round in less than two weeks may seem daunting, but with the right strategy and preparation, it is possible. Jennifer Smith, the co-founder of Scribe, recently accomplished this feat and she’s here to share her tips on how you can replicate her success.
To start your lightning-fast fundraising journey, begin by setting up meetings with potential investors who are familiar with your industry or have invested in similar companies before. Make sure to do thorough research on each investor beforehand so that you can tailor your pitch accordingly. You should also create a detailed financial plan for the next 12 months that outlines what milestones need to be achieved during this period as well as how much money will be needed for each milestone.
Once you’ve identified suitable investors and created a financial plan it’s important to stay organized throughout the process by tracking all conversations had with potential investors via CRM software, such as Salesforce or Hubspot. This way nothing slips through the cracks while trying to close deals quickly over a short amount of time! Additionally, make sure not only have clear communication between yourself and potential investors but also among team members internally so everyone knows their roles when raising funds quickly as Jennifer did at Scribe!
By following these steps closely anyone can raise an $8 million seed round in less than two weeks just like Jennifer Smith did at Scribe!
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