Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Like everyone, I have a million dollar idea/business. What distinguishes who gets heard?

When an investor is looking to put money into a business what distinguishes one person from the others? Enthusiasm? I can understand the numbers being important but there has to be a that something that seals the deal.
All input would be appreciated.

25 Replies

Steve Owens
3
1
Steve Owens Entrepreneur • Advisor
Finish Line - A Better Way for Small Companies to Develop Products
His assessment of your, and your team's, ability to execute and turn the idea into a business that has a set of repeatable processes and behaviors that generate an ever increasing profit.
Joe Albano, PhD
5
1
Joe Albano, PhD Advisor
Using the business of entrepreneurialism to turn ideas into products and products into sustainable businesses.
No one is interested in investing in your idea or your product. They MAY be interested in investing in your business IF it meets their thresholds for profitability, market size, growth, stability, etc.

Enthusiasmis not a substitute for a valid business model and will always come out in due diligence and usuallylong before that.
Peter Kestenbaum
2
0
Peter Kestenbaum Entrepreneur
Advisor, Investor, Mentor to Emerging firms
People.. Is founder investable or has he recognized he is not and surrounded himself with others who are. Who on team has done a startup prior ( failure or success is immaterial) Ability to execute in trial or limited fashion however preference is a working proof of concept, prototype, first revenue and client feedback Ability and plan to scale, potential for partnerships, and profile of first clients. Market attractiveness IP ( or what protects against someone else doing it ) Investment/risk/return/financials (assuming everything else passes)
Matthew Evon
0
0
Matthew Evon Entrepreneur
Project Manager at SkillWorks
If I can elaborate the question a bit, who should I be getting in front of if I am looking for someone that can bring capital as well as business savvy to the table.

I created a skilled maintenance company out of my 20+ year commercial contracting company. We have an app that will allow the company to go nationally providing light maintenance to businesses. I want to be yoked with someone who has been there and done that. Maybe an investor is the wrong direction?
Adam Pressman
2
0
Adam Pressman Advisor
I've helped a number of folks become millionaires. I'd like to do it a few more times.
What we've learned in building businesses is that if you can get 150 people who are as committed to the success of your venture as you are, you'll get funded, you'll be able to add great people to your team, you'll have people who can do all the things necessary to bring your idea to market. If your enthusiasm is manifest in getting your tribe of 150 engaged, that enthusiasm will in fact bring you money and attention. No bad idea can survive the scrutiny of 150 people all with different backgrounds. One of them, if not you, will know best how to execute the idea and with whom. Anything you're doing that isn't centered on getting your tribe of 150 built is a waste of time.
Martin Omansky
5
0
Martin Omansky Entrepreneur
Independent Venture Capital & Private Equity Professional
My investor group looks for the following: strength of intellectual property, size of market, competence of management, good timing, appropriate business model, clarity of thought and vision, speed to break-even, practicality of plan and budget, $s invested by founders, stage of development.
Steve Owens
1
1
Steve Owens Entrepreneur • Advisor
Finish Line - A Better Way for Small Companies to Develop Products
Having a person on your team that has raised money before will help a lot. This platform exist for this very reason.
Ryan Mattock
3
0
Ryan Mattock Entrepreneur
Co-Founder of Award Winning CommissionCrowd - The Home Of Independent Sales
At the idea stage the only investment you're likely to get is from your friends and family.

Typically - speaking from experience - You have to prove your business model, have many active (happy) users, prove the size of the market, demonstrate your uniqueness, profitability, scalability and above all else prove that you have the right team and people behind you to execute on everything you say you will.

Everyone has million Dollar ideas but your idea is worth nothing until you take action and get traction.

I would also add that when it does come time to seek investment you should do your due diligence and choose who you take money from wisely. Will that investor be able to open doors, do they have experience in your industry and be able to offer sound advice when needed? An investor should be treated like any partner you would want on your team.
Joe Albano, PhD
0
0
Joe Albano, PhD Advisor
Using the business of entrepreneurialism to turn ideas into products and products into sustainable businesses.
Interesting fact: 85% of companies on the INC 5000 have no external funding
Israel Roth
1
0
Israel Roth Entrepreneur • Advisor
Co-Founder & CTO at Labgoo
Few things:
1. Team (unless you have a track record of several past successes as single founder), and team strength - thinkers, proven track record of execution or very clear potential
2. Does it seem to answer a real need? this is easier. If you are inventing a solution and then will look for the problem, or trying to create a new behaviour that will require market education - much harder.
3. Market size - potential
4. Why now? Is this riding a trend or addresses an urgent need?
5. Do you have anything beyond idea & deck - a prototype, a market test, paying customers? - these helps and if you can get any of those before investment it will greatly increase your chances.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?