6 Incredible Fundraising Tips for Young Entrepreneurs


2. Your partners to success

Much before you start building your product of service, you need to be sure about what kind of service you are going to develop and start networking with people who are interested in the particular domain and would like to be a part of your enterprise. Along with that you also need to do some home work about the funding firms and capitalists who want to invest in startups built in the lines of your interest and if possible pitch your idea to them in order to get some seeding money. Begin to build relationships with these people and funds well before you need to ask them to participate. When it comes time to formally begin fundraising, the conversations will be much smoother and simpler since a previous relationship exists. Mark Suster, entrepreneur and venture capitalist, has a good post on this topic, "Invest in Lines, not Dots," says Entrepreneurs.com.