These Investors Have Money and Want to Give Some to You: Here’s How to Win Their Investment
by Robert McGarvey
Many want, but few are chosen. Talk with investors who fund early-stage companies, and the mathematical reality is brutal. Most say they look at hundreds of companies for every one they fund.
“We have a large top of funnel, multiple hundreds of companies that we consider,” said Joe Raczka, managing partner at investment firm York IE, which focuses on early-stage companies, particularly B2B SaaS companies. “We take that number to maybe 50 that we talk with with some regularity. We invest in around one.”
Do the odds sound daunting? This is reality. However, there are winners: companies that emerge from the funnel with money in their hands.
Read the rest of the story at Startup Savant