On November 8th, EFactor rolled into Philadelphia for the Need Funding? Start Here! Event. Hosted at Benjamin's Desk, Philadelphia's Premier Shared Office and Co-working Space for Professionals, attendees enjoyed drinks provided by Google +Local as speakers gave useful insight.
Our Rockstar panel of speakers included:
- Jed Cohen, (Crowdfunding) Co-Founder & COO of RocketHub, The World’s Funding Machine.
- Chris Tyrrell, Chris Tyrrell is the Managing Director of Right Strategies, an M&A and venture consulting firm and Manager of Nehemiah Investments, a family investment office
- Amy Wenslow, Products to Profits, Inc. (early stage debt financing) International product expert
- Jonathan Miller, President and CEO, Paramount Financial Communications, Inc.
- Scott E. McIntyre, Managing Director, Phabriq Development.
The evening shared helpful tips and advice for attendees to utilize within their own business ventures. From what to do in the beginning stages to investor presentations, the speakers covered every step of the funding process. Missed the event? Don’t worry we have you covered below.
No idea on where to begin with finding funding for your company? Speaker Scott McIntyre suggested doing some research on your competition and finding out how they secured funding. After analyzing the market you will be able to understand how to differentiate your plan from those that are already in existence.
Once your business plan is constructed the next step should be pitching to investors. While Maveric Angels is a great resource speaker Jed Cohen also stated, “ A Pitch Deck is great way to get into the door, but be sure not to give them a full business plan up front." If such sites aren’t beneficial don’t stop trying. “Do not take luck lightly - it’s a really important thing. "Opportunity is everywhere, everyday,” stated McIntyre.
Finally, when preparing your investor pitch, Amy Wenslow wanted attendees to remember, “Attention spans have decreased from 9 minutes down to 6 minutes so get your message as concise as possible."
Chris Tyrrell, provided the 30 minute rule. He stressed the importance of keeping your presentation simple showcasing 10 slides in 30 minutes. Wenslow suggested always using something visual to hand out to the investor. It needs to contain something visual, kinastetic and auditory. While presenting remember to be passionate about your material and investors will follow suit.
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