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When an investor turns you down, it may seem like the end of the world. It is not. Watch this video, if you are wondering why!
Most VCs had turned down Salesforce.com during the early days. That did not prevent Marc Benioff from building a billion dollar company and change the dynamics of the software industry forever.
Investors turn down entrepreneurs for a variety of reasons. One of the most common ones is that the entrepreneur needs to do more validation before a VC can invest. A second really common one is that the market opportunity in question is too small for the venture capital framework. There are another thirty three reasons, and instead of wasting time on fifty-five VC meetings, it is better to do a thorough analysis of your business and understand its ‘fundability’.
In 1M/1M, we have extensive experience with assessing the dynamics of fundability, and how investors would view a startup. We also have a comprehensive suite of alternative financing measures with which to navigate the early stages of a startup venture. Finally, certain kinds of companies are better structured differently than a typical VC / Angel equity model, and we have frameworks to ascertain those as well.
We also make a concerted effort to leverage customers and channel partners early on, without depending 100% on investors.
Whatever be your scenario, if you are facing investor rejection, and not able to figure out where to go from here, the 1M/1M program can most certainly help you navigate the turbulent waters of the stormy startup sea.
Here is a self-assessment tool to help you further.
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