You’ve got the idea and heaps of determination; how about the capital?
How much will you need, where from, and what are the risks of different funding routes? For most entrepreneurs, securing that first cheque is a significant milestone in building a business and is the oxygen a startup needs to survive and thrive beyond the idea stage. Yet, unless you have a background in finance, building a solid funding strategy that will both allow you to convince an investor to part with their cash and stay solvent can be a daunting task. Raising money can become a full-time job in its own right, distracting attention away from your business.
In this 60-minute session we will cover the key areas of entrepreneurial finance, so you can walk away with the foundations of a funding strategy, including:
Grants vs investment – Which is right for you?
Dilution – The cost of taking investment
Investor types – Friends and Family vs Angels vs VCs
Funding rounds – Why you should raise money in chunks
This online session is delivered by James Groves, Head of Investment Services at Imperial Enterprise Lab.
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