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What Do First-time Entrepreneurs Want From Investors?
First-time entrepreneurship is a daunting task, particularly when it comes to choosing the first fundraising option. From a distance, it may appear that entrepreneurs simply grab any money that comes their way. However, that’s not true. Entrepreneurs do expect certain things from the desired investor partner in India.
Advice to Scale a Business and Active Participation in the Start-up
Fundraising and growth need to be strategic to be successful. Most entrepreneurs and startups lack the support in getting their product or service out there in the hands of customers. They do not have the luxury of tapping into a business network or the ease of banking on savings. Moreover, they have to hustle their way into the entrepreneurship role from the first day itself and prove their business idea on their own merit. As a result, first-time entrepreneurs make a point to pick those start-up investors who can provide advice on how to scale-up the business. They look for investors who can show active participation in the entrepreneurship journey.
Experience of Having Been There
First-time entrepreneurs look for ...
... those angel investment firms, who are able to share their vision for the company and help them grow. They aim to look for experienced investor partners who have a track record of high performance and good knowledge in the same industry or in prior ventures. Most entrepreneurs will also research their angel investor’s business experience and background in the industry. In short, passion and knowledge should be evident to inspire confidence in first-time entrepreneurs.
Work Ethic Blueprint
First-time entrepreneurs expect maximum transparency, better and quicker communications, and well-organized work ethics from their investors. Entrepreneurs need to have a fair idea about how the investor partner plans to fund the amount. This is to ascertain that the investor is trustworthy and reliable. Moreover, entrepreneurs prefer choosing those angel investors who are able to build lasting and profitable relationships in the future.
Divya Modi is one such genuine entrepreneurial mentor and investor in India who supports entrepreneurs to help them achieve their vision. She does this by bringing on board the right kind of capital and people in order to drive growth.
Divya Modi brings her financial expertise and operational acumen to support entrepreneurs and teams in the multi-dimensional challenges of growing a new venture. She is a responsive and committed investment partner who believes in empowering the right people at an early stage of their entrepreneurial journeys. Do visit https://www.divyamodi.com/ to know more Divya Modi!
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