Upload
elaine-chen
View
204
Download
2
Embed Size (px)
Citation preview
MIT Entrepreneurship and Maker Skills Integrator
Fundraising 101 for hardware startupsJanuary 16, 2017
Do’s and Dont’sDO• When you raise, you raise.
When you are done raising, focus on the biz.
• Practice milestone based fund raising.
• Raise more than you think you need.
• Choose your investors carefully. Have they invested in companies like yours?
4
DON’T• Trickle fund-raise (your soul
will be destroyed)• Take coffee with VCs when
you are not ready to pitch (you are new once)
• Ask for $15M in your first 60s elevator pitch with a VC• 1 min >> 15 min >> 45 min >>
partner meeting etc
Example fund raising history: Fitbit (Consumer electronics in health and wellness)
5Source:Crunchbase
Founded in 2007
$66M total in 7y
IPO 2015
Example fund raising history: Rethink Robotics (Industrial Automation)
6Source:Crunchbase
Founded in 2008
$131.52M total in 9y
Too soon to tell
Resources• Rob go on how to raise a seed round
http://nextviewventures.com/blog/how-to-raise-seed-capital/
• Donna Levin’s January 2016 talk on fund raising (see Google Drive)
• Trust Center: FAQ section on fund raising
11