Never Say These Things to an Investor - Vittakosh
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Never Say These Things to an Investor

When it comes to seeking investment, it’s important to make sure you’re saying the right things. Investors are looking for entrepreneurs who are knowledgeable, passionate, and have a clear vision for the future. However, there are certain phrases that can be detrimental to your chances of getting the investment you’re looking for.

Here are the 11 things you should never say to an investor

“I don’t have a business plan.”

Investors want to see that you have a clear idea of how you plan to make money and grow your business. If you don’t have a business plan, it shows that you haven’t thought through the details of your company.

“I don’t know my competition.”

Investors want to see that you understand the market you’re entering and who your competitors are. If you don’t know your competition, it shows that you haven’t done your research.

“I haven’t thought about exit strategy.”

Investors want to know that you have a plan for how you will eventually exit the business, whether it’s through an IPO, acquisition, or something else. If you haven’t thought about exit strategy, it shows that you haven’t considered the long-term future of your company.

“I haven’t thought about my team.”

Investors want to see that you have a strong team in place to execute your plan and grow your business. If you haven’t thought about your team, it shows that you haven’t considered the importance of having the right people in place to run your company.

“I’m not sure how much money I need.”

Investors want to see that you have a clear idea of how much money you need to raise and what you plan to use it for. If you’re not sure how much money you need, it shows that you haven’t thought through your finances.

“I haven’t thought about my financial projections.”

Investors want to see that you have a clear idea of how much money you expect to make and when you expect to make it. If you haven’t thought about your financial projections, it shows that you haven’t considered the financial aspects of your business.

“I haven’t thought about my risk.”

Investors want to see that you understand the risks involved in your business and have a plan to mitigate them. If you haven’t thought about your risk, it shows that you haven’t considered the potential downsides of your business.

“I don’t have any traction yet.”

Investors want to see that your business is already gaining traction and has a track record of success. If you don’t have any traction yet, it shows that your business is still in the early stages and may not be ready for investment.

“I’m not willing to give up control of my company.”

Investors want to know that you’re willing to work with them and that you understand the importance of having experienced partners in your business. If you’re not willing to give up control of your company, it shows that you may not be open to the input and guidance of experienced investors.

“I don’t have any advisors or mentors.”

Investors want to see that you have a team of advisors and mentors who can guide you and provide valuable input on your business. If you don’t have any advisors or mentors, it shows that you haven’t sought out the advice of experienced professionals.

“I haven’t thought about my legal structure.”

Investors want to see that you understand the legal and regulatory aspects of your business and have set up your company accordingly. If you haven’t thought about your legal structure, it shows that you haven’t considered the legal implications of your business.

Wrapping up

In summary, investors want to see that you have a clear and detailed plan for your business, that you understand your market and competition, that you have a team in place, and that you have considered the financial, legal, and regulatory aspects of your business. They also want to see that you are open to the input and guidance of experienced professionals and that you are willing to work with them to grow your business.

And to make sure your business takes the right path, Vittakosh is your perfect partner throughout the journey. We help startups pitch the right way to their investors through detailed understanding of the market and the business.