Get Funded Now after knowing almost everything about a successful pitch deck, you need to know about how to get funded to bring your business vision to life. After doing solid research and generating big ideas, and presenting them all in your pitch deck, you should be well aware of the suitable funding sources for your type of business. We have discussed them here.
Funding Sources There are five primary funding sources: Self-Funded You can maintain complete ownership of your businesses and don’t have to accommodate others in the decision-making process. It is the cheapest way to finance your venture among all the others. Only thing is that you might miss out on the networking opportunities and expert advice. Funds here typically come from re-invested profits where founders sell other services and invest that money earned into the business. Friends and family In order to support you, your friends and family most likely will invest in your venture, but you should clarify beforehand that they will be buying equity in your company. Ensure they understand all the risks involved. They probably won’t get their money back as most startups fail. To raise relatively small amounts for the initial stage investments from friends and family is the best option. Crowdfunding This funding method grows in popularity with five-figure campaigns becoming more and more common among all those who are looking to raise seed capital. All founders must choose whether to sell equity or reward backers with perks such as discounted products or early delivery as no one wants something for nothing. If campaigns meet their pledge goal then only they get funded. There is a high failure
Everything is a pitch - The art of creating a winning pitch deck | © 2021 INK PPT
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