Raise money for your tech startup with these 3 tips

If you are in the processing of launching a tech startup, one of the most important things you will need to keep in mind is the money you raise. Every company will be strapped for cash at the beginning of their endeavors, but having initial capital will be crucial to keep the lights on.

Before you meet with a potential investor, there are several different aspects that you will need to focus on. As long as you follow some simple guidelines, you will greatly improve your chances of getting that check.

Here are a few things to keep in mind while raising money for your tech startup:

• Be specific with your business plan: Investors will be wary to put their money into something that seems vague, so you will need to go to any meeting with carefully drawn out stats and projections. If the person can feel good about your business, they will be more likely to invest.
• Find investors who know the industry: This is especially important when it comes to the tech industry, as many people might not truly grasp what it is your business actually does. Instead of having to walk through the basics, try and find investors who are already knowledgeable about your area of expertise.
• Honesty about your past is key: If you have failures in the past, you should own up to the mistakes and what you learned from the experience. This honestly will create a bond of trust and show that you are improving your business practices.

If you have recently launched your own tech startup and are in need of new custom database software, be sure to contact Kyo Logic today! Check out the rest of our website to learn more about the different services and products that we offer to our clients.

John Mathewson

John is the founder and CEO of Kyo Logic, as well as the chief architect of KyoSync II (which synchronizes data across multiple systems that can’t connect or communicate directly). John works very closely with clients and the Kyo Logic team to help create custom applications and platforms.
John is also an avid electronics enthusiast and audiophile. He created the Caitlin LSA-1 which is a microprocessor-controlled audio preamp used in very high-end audio systems. John has lived in Montreal, Fort Worth, Johannesburg and currently lives in Westport, Connecticut.

John Mathewson

Expert

John is the founder and CEO of Kyo Logic, as well as the chief architect of KyoSync II (which synchronizes data across multiple systems that can’t connect or communicate directly). John works very closely with clients and the Kyo Logic team to help create custom applications and platforms. John is also an avid electronics enthusiast and audiophile. He created the Caitlin LSA-1 which is a microprocessor-controlled audio preamp used in very high-end audio systems. John has lived in Montreal, Fort Worth, Johannesburg and currently lives in Westport, Connecticut.