Someone please fix the #MCA website or remove it altogether. Have been trying to find a company details since the past 2 weeks.....over 20+ tries....no luck
Its so frustrating for finance professionals.
@MCA21India@narendramodi@FinMinIndia@theicai@CFAinstitute
When funding your startup, two things matter most:
1️⃣ Track record
2️⃣ Traction
Got both? Top-tier VCs are interested.
No traction? Focus on your track record.
No track record? Show strong traction.👇
Founders suck at saying no to investors when they are not ready.
VCs are always evaluating even if they mean to "catch-up".
Letting an investor go deep in your business pre-emptively is a lose-lose situation - especially when you are not raising.
Scenario 1: They extend a term-sheet - in this case, you do not have other term-sheets on the table to find the right price or negotiate.
Scenario 2: They stop responding or go cold after a couple of calls, you do not have any backups and your time is wasted.
They will not look at you for a good 6 months.
This is a message we sent to most investors who wanted to DD us pre-emptively.
Of course, if you really like a VC or the individual who you really want to get on your cap table - do not play hard to get or arrogant, it is different.
Remember, VCs are great at showing their excitement to founders about a deal till they are not.
❓ What should go on my metrics slide?
- Keep it simple: Only critical numbers.
- Have detailed charts and figures ready for due diligence. Your company is a problem-solving machine—show it!