5 Ways to Find the Right VC Firm for Your Startup
All VC firms in Singapore know that expertise is an essential quality to have in any type of business you are planning to run. Once you have got that quality covered, then you would have a greater chance to get a VC firm to help you! But, on your side, you should also choose the right one for you.
Here are some ways that would help you find them.
Check other startups
You must be thinking that this is a bad move because those are your competitors. But, you should be looking at startups that do not have the same target audience as you have. This will allow you to create an initial list on which VCs are interested in investing in your industry!
Be clear on what stage you are in
If you have already covered the early stage of a venture capital technology investment, then you should emphasise your business plan that you are on the next stage. This would narrow down your list of VCs that are only offering Series A funding.
Find a connection
It should not be that hard to find a connection that would allow you to be introduced to a VC firm. This approach would seem more professional than waiting in line just to talk to them. It would project an image that you are vouch for by a person you have a mutual connection with.
Emphasise that you are all about growth
There is a huge difference between running a startup and starting a small business. The latter is more focused on making a profit, unlike a startup that is all about growth, stability, and long-term value. This is what venture investments are for anyway.
Practise accountability
Together with honesty and transparency, accountability is crucial when it comes to finding VC firms. Remember that they will be your partners for years to come, therefore it is important that you find a firm with a matching business philosophy!
Finding the right VC firms in Singapore to help you jumpstart your business is only the beginning! Make your dreams come true and start it with Golden Equator Ventures today by contacting them on their website.
Resource:
https://visual.ly/community/Infographics/business/5-ways-find-right-vc-firm-your-startup
