One of the companies I co-founded is creating SaaS platforms for hotels and transport services. To get a gist of it - it's an innovative and smart platform that will improve the way hotels and transport services manage their bookings on daily basis - either through web or app. We caught the attention of some big hotel chains in the Philippines, however, we need funding to get these platforms done. Our devs have put a lot of time, brains, and efforts into this however we got short on funds. I am a complete newbie with VCs and angel investors as we were used to self-fund our own projects, but due to this COVID-19 pandemic we lost a handful of clients and our monthly profit was just enough to sustain operations.
I would like to get help/suggestions on how to get in touch with VCs and where are they lurking ;) Interested also for anyone who wants to partner up for sales.
I know multiple VC/Angels out of San Antonio Texas who primarily invest in SaaS businesses (typical investment is ~$1M). If this is something you can clearly explain to me where I can bring it up as a potential investment to them, I would be happy to do so. Please DM me and we can discuss further. I love to see new people in business following their dreams. If I can help even point you in the right direction, I will.
Best of luck!
Cold calls are the kiss of death. If you truly have something worthy of attention, the money will come to you. This is the way it works.
You should be careful of anything that you publish, including your/this query. Your language is not flattering, nor does it give confidence for investment. If this needs to be explained then you really would be considered a liability.
Ups, difficult situation :)
First thing is that you look for "good" VCs, and this is difficult. They are money managers, so it is mathematics, and they will push you to the limits (make it or break it) as they make money from one company in their portfolio, the rest are irrelevant. So if another company makes their "home run" (stupid jargon of VCs) they don't care about you.
The second aspect to consider is that VCs, especially at your stage, are very much local. There might be some sectoral investors with focus on tourism, so try to identify them
The third aspect is that despite all the fanfare about the risk taking, they are not taking risks (as you will see it). They want to see traction and revenues, as simple as this. The rest is bluf.
So be prepared to face a very difficult reality. I am simply trying to prepare you for what is in store in the process. YiuYou might be lucky and have the right connections, so this is where you have to focus ;)
Hope this helps
Usually, VCs like their potential investments to be introduced by someone they know. Sometimes the cold calls (or emails) work, but introductions work even better.
Networking with other founders and establishing a good relationship may get your introduction to VCs. All VCs are money managers, but some go beyond that.
Thanks @Brett 🙂 Will send you a DM
Would you like to share a link to your website, where fellow members can see this in action?