Are you looking for Investors?
How much are you looking to raise?
Do you know how long it takes?
How much will it cost you?
The search for investors and raising capital is one of the most challenging tasks you will face especially if it’s your first time. It is important to ask yourself the questions above and be realistic about costs and timelines.
Overall from start to finish, it can take anything from 9 – 18 months to raise capital for the first time unless you get lucky. When looking at costs; travel, hotels, road trips, conferences, valuations, and legal fees to name a few, it can cost between USD 60 – 90K to raise capital.
It is also important not to limit yourself to one particular investor type or geographical location. There are around 10 different types of investors in great numbers all over the globe which could be looking for a company such as yours; don’t limit your chances by staying within your comfort zone.
It is imperative that you have a realistic plan of how much you are looking to raise and a solid, simple story for potential investors. It is likely that the investor you are talking to is already very knowledgeable of their areas of interest, so focus on a simple, attractive pitch to catch their interest in the short time that you have in front of them. This should also be the case with your website; keep it straight to the point. Also, the more you are looking to raise the more appealing you are to potential investors.
Help is at hand
There are certain tools which you can utilise to save yourself time and money. Biotechgate provides a unique Investor Database where companies who are looking to raise money can identify relevant investors within their specialist sector, therapeutic area and phase. Companies can then generate a list of potential investors who have given us direct information regarding their current allocations and areas of interest. We list thousands of investors worldwide and there are 10 different types to choose from.
If you would like to see how many investors are allocating funds in your space, please click on the link below for a demonstration of the Biotechgate Investors Database.
If you are looking to raise funds and require a valuation, please visit www.venturevaluation.com.