I've been building a PropTech platform in the UK for the past 10 months now.
We launched the MVP last month in Aug21, we're showing good traction and want to seek investment for £50k-£150k to further expand the Development team so we can build the platform at a quicker rate.
I'm reaching out to contacts at the moment, but wondered if there's any other arena's that I don't know about to find investors.
We're at the seed stage, not revenue generating and our low funding requirements right now I think narrow the pool of interested investors. Any thoughts would be great.
For investment, I personally feel outbound approach may not help
Get in touch with other founders in similar space and seek help and intros
See articles on proptech on TechCrunch and other such platforms and see the investors that invested and can reach them out
If need startup advise
Reddit and Hackernews I have found useful
Feel free to reach out if need more help on email@example.com
Ayush is right. Got to get personal. Polish those personal skills.
Once you find an Angel/VC group, contact them. Don't expect much. Tell them who you are. Send them monthly updates. Show them your progress. Become familiar to them.
If they ask you to stop, stop. :D They also have auto-delete if they don't care.
Angels/VC typically like to follow progress. You might be at a stage where they are unsure but if you cross certain points you are in a better position to be known as they have been following you. They might also offer key advice.
At some point, you become an interest, hopefully. Better they view you as familiar. VCs will want people on your board. There are only so many people and it gives them more time to pair ; "this guy is coming available, let's pair him with that company and fund it".
Expect rejection. Be cordial. Don't let it stop you. Ever!
There is a white paper on our website about how to raise seed money. FinishLinePDS
Thanks guys for the advice, I appreciate it. Bruce, when I find a VC or Angel group and I tell them who I am, are you saying I should keep contacting with monthly updates, even if they haven't said that they are happy for me to keep emailing?