Chris Burch is Burch Creative Capital’s Chief Operating Officer and Founder. In a featured article on the Medium by Startup Genome’s Global Startup Ecosystem Report, it stated that New York City is the second most resilient city for developing or newly starting businesses. The reason for this is that the city is a generally a good city to source out an angel investor or a capitalist venture that would be vital for a particular brand to expand and grow within a big city.
To make it clear, there are two kinds of investors as follows: a venture capitalist that is willing to invest more cash or an angel investor who can provide small seed funding to have money for a start-up venture. Also, angel investors are easier to persuade. In any case the following recommendations can assist in the procurement of business funds for a decent start-up in New York City.
Keep Things Simple
Whenever you are trying to convince a probable investor take note that you have 7 seconds to constructively elaborate why you need financial assistance. Majority of potential investors will straightaway ask you what your venture can bring to the table. And it is during this time that you must be able to show the most interesting thing that you can offer. Do not waste a lot of time on the complicated details because once you have intrigued them you will have many opportunities to detail everything further.
Most investors will simply reject your proposal since they want to secure their money; and angel investors may not yet be ready to invest.
When such situations transpire do not waste your time on individuals who continuously cut into your speech. Such investors are not serious in making an investment
It’s Acceptable to Not Have All the Solutions
Most new business owners are anxious to use the phrase “I do not know.” Not knowing the answer to a question occasionally is just okay. However, majority of investors will ask you questions and it is essential to remember that you must not try to invent answers since most investors are very astute and can read through your lines.
More about Burch on https://ideamensch.com/chris-burch/
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