01/07/2024

Getting from idea to funded start-up πŸ’‘πŸš€

Taught by Matt Dangell - Director, Rise Group & Vantage Accelerator

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πŸͺ OVERVIEW:

As Designers & Innovators we have some great ideas. But getting them from the creative spark in our heads to a funded, running business isn’t easy.

In this lecture Matt runs through some of the keys things to look out for - the do’s and don’t - from creating a convincing pitch deck to the key components you need to put in place for a successful start-up.

There’s very practical advice in how to manage your funding journey from the which investor types are appropriate when to government schemes.

If you’re seeking funding and operational help to launch or grow your own venture, then this lecture by Matt is the one that will set you on your way!

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πŸ₯‘ KEY TAKEAWAYS:

  1. Networking is Key: β€œOne of the most important things you can do is get out there and network. Attend entrepreneur events, pitch nights, investor and founder events. You’ll be amazed by the connections you can make, just off an introduction or a casual conversation. Networking is your biggest asset in the fundraising journey.”

  2. Understand Your Investor Target Audience: β€œAs a founder, you should have a strong opinion on the type of investor you want. It’s not just about taking money from anyone willing to offer it. You need investors who align with your business goals and values. Networking helps you understand the different types of investors and what they bring to the table.”

  3. Preparation and Data Management: β€œBefore meeting investors, ensure you have a well-organized data room. This includes pitch decks, financial forecasts, and other key documents. Being prepared with quick responses to investor queries demonstrates that you understand the investment landscape and are ready to engage.”

  4. Maintaining Momentum and Building FOMO: β€œIt’s crucial to keep your prospective investors updated throughout the fundraising process. Regular updates help build momentum and a sense of urgency. Stick to your close date and be firm but flexible. Clear communication about your SEIS and EIS allocations and the status of lead investor negotiations can create a fear of missing out (FOMO) among potential investors.”

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πŸͺ„ Taught by Matt Dangell - Director, Rise Group & Vantage Accelerator

Having started his career in Corporate Finance, Matt brings a wealth of experience and advice in helping companies access capital.

Since, he has built Rise Group, a professional services group for startups and scaleups, today supporting over 1,500 businesses across Accounting, Advisory, Legal, Software Development & Tax specialist support.

Matt's long term focus is to ensure that all companies have access to the right level of service to support their growth ambitions.