Raising a round? Tips and questions to accelerate the quest for the right investors – #BHHMembersInitiatives

Whether you are a first-time founder or a seasoned serial entrepreneur in healthtech, one ingredient for success in raising a financing round is to ask VCs the right questions to properly strategize your raise, identify the right potential investors, and dynamically adjust your outreach. This doesn’t mean reading a VC 101 book and memorizing what you should say.

Instead, it means understanding the underlying information that will give you actionable insights you can use to improve and efficiently execute a fundraise. Every founder’s journey through this process is unique, and you need to be able to understand your specific situation. This article, by BHH member Nina Capital, serves as a guide based on their experience from being on both sides of the phone as founders and VCs.

Stage 0: Questions to ask yourself to help curate your fundraising outreach

While getting a list of 2000 investors off LinkedIn and mass sending generic emails may be tempting, this is not the best use of your time. Fundraising is a challenge that should be tackled with a calculated and curated strategy to ensure every conversation you have has the potential to obtain a favorable outcome.

To accomplish this goal, the first necessary step of your strategy is to do your homework on the funds you want to reach out to. Put simply; you need to screen and qualify your potential investors to determine which ones you will send a curated and personalized message to. It will take you significantly longer than blasting out a generic email to a long list of unstudied names; consider this your investment that will save you loads of time in the long run.

Discover, in the full article of Nina Capital, the questions you should ask before reaching out to any fund and the next stages HERE.