Chase an Investor?

AAnonymous ·May 23, 2014 ·5 answers

I knew this guy from my past work. Sometime ago, I told him that I was working on something that I hoped to be a startup someday. So we met recently and he seem interested with my idea, and he told me about the possibility of providing me some funding.

I gave him a business plan a couple of weeks ago and hoped for the best. He hasn’t get back to me with anything yet.

I’m not sure how this really works, should I actively contact and chase him about investing? Or, should I just wait until he gets back to me?

What do you think I should do?

5 answers from the community

AAnonymous· May 23, 2014

There's no harm in contacting him and asking if he has any thoughts on the business plan.

AAnonymous· May 23, 2014

Get your NO from him as fast as you can. Contact him and tell him you're in a rush and want to mark him as in or out . He'll appreciate you're serious and decide. Raising money takes lots of your time, you can't waste it on any maybes or wishy-washy people.

AAnonymous· May 23, 2014

No problem in contacting him, but if you do it's best to come armed with some traction.

Your follow up should look something like this:

"Mike - sending you a quick update on our product. Rolling out the beta to <em>Company Name</em> this week and have an LOI out to them.

If you want to have a quick follow up to our conversation I'm available for a coffee next Tuesday at 8am. Can give you an update on my other investor conversations then too."

AAnonymous· May 24, 2014

Don't say "if you want to", just tell him I'm available @ time/date, lets get together or talk on the phone or hold hands. Remove any friction from him saying yes or no, or let him offer another time that shows interest.

AAnonymous· May 24, 2014

I'll drop "lets get together and hold hands" into my next investor email, call to action FTW. ;)

Chase an Investor?

5 answers from the community

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