Fund raising is among the most difficult, exhausting, frustrating and time-consuming challenges a venture scale founder faces — about the only things more mentally daunting are getting sued and not making payroll.
Founders spend countless hours compiling lists of angel investors, trying to divine whether some particular angel investor might be a good fit for a startup like theirs… in their market… at their stage… with their traction… in their city… and are they making investments at the moment… are they waiting on an exit… are they just done for the year… and so on. Of course, that information is not readily available.
Then it’s time to get a meeting. Without an existing shared relationship, getting a warm intro is very unlikely. The success stories of cold emails and LinkedIn pleading are not zero… but they largely apocryphal or at least hard to find… mostly they are ineffective and waste everyone’s time. So now it’s time find someone who knows someone who knows the investor. Perhaps an LinkedIn outreach campaign to every founder the investor has ever invested in? Or maybe ambush the investor at a networking event?
All of this (and much more) is part of fund raising and no matter what Startup Haven does, you gotta do a lot of it. We can’t fix all of fund raising; but we can help our early-stage startup founder and investor members make the most of the Startup Haven network effect; and we think we can add a new tool to the founders’ (and investors’) toolbox — a tool that is time and energy efficient.