WHAT ARE THE REQUIREMENTS TO SECURE A PRE-SEED STAGE FUNDING
Pre-stage funding is the earliest stage of funding, which is succeeded by seed funding, series A funding, series B funding, etc. It is one of the important stages of funding that helps startups in their most vulnerable and developing stage.
This fund focuses on developing the base of a company, which helps the company to speed up its growth.
Here are 5 requirements every startup needs to fulfill to secure pre-seed stage funding to get its business off the ground.
- KNOWLEDGE OF THE MARKET
The market changes at the speed of light. Every investor looks at how well aware you are of the industry you are planning to operate in.
Knowing your competitors, industry trends, customers, etc, therefore is something you should have deep knowledge about.
- CLARITY OF VISION
Clearing doubts regarding your financial needs, aim and objectives help you take decision fast and accurate. This clarity will help you present your idea more crisp and clear in front of investors that will work as a confidence builder for them.
- KNOWING INVESTORS WELL
The person who invests in your business will be there with you for a longer time. Knowing them will help you understand their working style and need.
- SOLID PROTOTYPE TO ATTRACT INVESTORS
Your idea is in a nascent phase where you attract your investors based on the working model or a prototype of your business. It is important to have a solid idea and its prototype to make investors invest in it.
- LISTING EXPENSES AND CONTINGENCIES
Listing and knowing your requirement of funds makes you a person with clear vision. It’s a plan that tells investors of your fund requirement and uses.
FIRST FUNDING FOR ALL YOUR REQUIREMENTS TO SECURE A PRE-SEED FUND
First funding is an organization that aims to turn startup ideas into reality. The team of First funding focuses on the overall development of any startup that is looking for raising funds for its company. It makes it easy for startups who want to raise funds, and investors who want to invest their money in startups to meet on one platform.
First funding can be a helping hand that you require for all your needs.