As your start-up matures, obtaining a second round funding helps expand your business and grow into new opportunities. Alas, receiving it may not be that easy since the startup needs to prove both in words and numbers, show their past growth and future profitable plans.
When a startup company raises money from VCs, it happens stage-wise when there is major development and a foolproof plan to take them ahead.
But how to get through the second level? While presenting your deck with number is essential, what is more important is that the entrepreneur must deliver what was promised in the seed funding round; And not just that but there should be a clear graph of constant growth throughout the months. The next most important element is the team behind your startup. They need to exude confidence at all time and promise great figures to the investors. And you, heading the team, need to demonstrate and convince the investors that this confidence is justified and that there are bigger number awaiting.
View the video below to understand what Mentor Muthu has to say to all your startups entrepreneurs who are on your way to present and secure second phase funding!