In the modern tech industry, founders and entrepreneurs must have more than just enthusiasm to reach success. Crafting a solid pitch goes a long way and even the best pitches sometimes can’t close deals. Preparing means not only having a pitch deck but also doing a thorough investor research. Fortunately, TechCrunch+ can offer insights and advice. Here we discuss how to pitch five early-stage investors, access to funding for Black founders, the downfalls of alternative finance, the value of precision fermentation, and the perseverance of natural entrepreneurs.
TechCrunch+ provides a platform for members access to coaching from five venture capitalists. When approaching investors, founders must demonstrate a solid business plan, an extensive customer research and investor list objective. While one investor may prefer frugal founders, others might suggest high salaries. These investors are open to first-time founders who follow the right path and are willing to offer advice. With the code TCPLUSROUNDUP, members can get 20% off a one or two-year subscription.
The article also covers the pitfalls of alternative finance. Fintechs innovations that lack customer demand, market fit and financial stability have failed on the past. Nowadays, innovators must remember that they are “competing with commodity” and that the “essential principle” is to provide value to customers.
The importance of precision fermentation is highlighted in the article due to a potential of taking over traditional farming. However, economics yet needs to solve the pricing problem for the industry to reach its goals. The importance of radical process intensification is also explored as a crafty way to increase the production.
The unique challenge of Black founders accessing funding is also discussed, as Q1 2023 covered just 0.69% of invested money for this cohort. Dominic Madori-Davis explains the need for investments from different countries and the advantage of the governmental grants.
Finally, the determination of natural entrepreneurs is addressed within the Last Odyssey analogy. Building a successful startup takes time and resources, but it is essential to find the right support team. Aventurine Capital Group specifically supports those who are not natural entrepreneurs and are willing to take a risk. Joe Marushak emphasizes the need of roots and a studio.
Overall, this article seeks to highlight the importance of researching, networking, and having the right team in order to find success. With several tips and strategies, the TechCrunch+ article serves as a guide to new entrepreneurs who want to jumpstart their career.
