How many of you (Startups) are looking for funds? I guess many. How many people really get the funds? I am not counting number here.
Do you really know - when you should go for funding? Why only few people get funded?
The answer is simple, it is not a rocket science. There is no perfect timing to ask for funds, but yes there are better timings. Like - when the idea is validated, core team is in place, you have got traction in account and when you are planning for expansion.
Investors generally look for idea, market potential, core team, traction, equity offered, exit options and exit value.
The pitching founder should be good presenter, negotiator, have convincing and selling attitude to sell your idea to investors.
Founder & CEO - Meticulous