Venture capitalist Bryan Korba offers an insiders perspective on how to get your green business funded. Working as the managing partner of Y Street Ventures, an investment management company, she shares to us some tips that you have to consider before making your business public.
Accordingly, she identified five types of investment capital in a business – self funding, friends and family, angel investing, venture and traditional lenders. Although the seed stage might just be an idea, it is the one that possesses the greatest risk to the investor. Most investors fall on the early and late stage as it is the stage that gives them the most returns.
So let us identify five tips to get your start-up business taken seriously:
- Greater focus on building a company and standardizing operating systems
- Focus on hiring good people that would give you some customers and revenues
- Constantly assess the risk and issues the company is facing
- Communicate open-mindedly the strength and weaknesses
- Research everything from buyers’ and investors’ perspective an all
The most important among the tips for a start-up to get funded is obviously the focus on building a company. Do not think so much about overnight success, as it would lead you astray to the things that you are supposed to do short term. Focus on creating customer adoption, revenues, and sales. A business that generated a net lost for the first month is not going to be losing forever… you could be earning months after your first month’s operation.
To get things done, an entrepreneur just simply has to roll up his sleeves work with his people and focus on the core values of the business. A business owner should spend a lot of time in making sure each of its aspects are working and functioning well. You need to show to your potential investors that you have the right attitude!