Meeting Investors at TechDay
We know that many of the companies exhibiting (and attending) TechDay are looking to raise money. Last year alone, we calculated that there was over $25 Billion of investment capital present at the event from the VC's and institutional investors that were registered. Exhibiting companies registered for NY TechDay 2015 have raised over $8.7 Billion (not all of it at Techday obviously!)
Here are some tips that we think you'll find helpful when speaking to VCs at TechDay:
When talking to VCs- our recommendation is to stick to the core aspects VCs care the most about: (1) your problem, (2) how you solve the problem, (3) why your team is uniquely able to solve the problem, (4) what stage your company is at, (5) the current traction you have, (6) what resources you’re looking for and what you can do with them.
With angel investors, it's a bit different. The barrier for startup investing is chaging constantly due to JOBS act. So you'll meet these potential investors for your friends & family round and/or your seed round from all kinds of backgrounds at a show like TechDay. Our recommendation when talking to Angel Investors is to: (1) give a brief overview of your founding story and why you care about what you’re doing, (2) a synopsis of your credibility as a business operator, (3) an overview of why there’s an opportunity in your market and how you intend to fill it.
It's really important to show your passion for what you've created. Don't hesistate to ask questions, and be upfront with what your ask is and why you've decided to exhibit that day. Be honest about where you're having challenges and what you intend to do with that money once you've raised it!