Some financiers once said that money is the least important thing for a venture. Well, depending on which stage you are in, money is definitely required at some point. Do talk to us if you have any venture relating to clean technology as we have a ready pool of sophisticated investors behind us and constantly looking for the next exciting opportunity.
Tips on funding
Some funding websites that are important
Early Stage – typically from family & friends & fools. You come up with an idea and try raising money from people around you. Most of the time, you will be able to raise some money but once the money runs out, those FFF will most likely desert you.
Where do the early funds go ? i will say being new to the industry, most entrepreneurs spend a lot of their resources in getting to know the food chain or build the ecosystem, i.e contractors, suppliers, customers etc etc. The value of the enterprise is not in the individual but that of the ecosystem. No contractor is proven till you have completed a transaction with them. Teams are expensive to build.
“No man is an island” this is given to me by my mentor but I will like to add that “Too many men on board will sink the ship”. The value of the enterprise lies with the team or the ecosystem that you have build. Choose your members wisely and build on their strengths.
The market is king. Took me a long time to understand that but at the end of the day, we all have to sell something to the market and it is what the market wants that will grant us the sustainability of the enterprise.