Hi there, I've worked for a VC firm running a consulting practice and advised pre-revenue startups on their fundraising. Sorry, as others have mentioned your business is unlikely to attract VC investment (service-based businesses are usually unattractive to VC's).

The first question I would ask is, if an investor were to give you all the capital you asked for, what would you do with it?

If it's for purchasing equipment, perhaps you could get favourable vendor financing. If it's hiring employees there could be a government granting program that you qualify for (I know this exists in Canada for hiring young employees).

An old boss used to say 'equity is like toothpaste, once it's out it's really hard to get back in.' So with any investor take a hard look at why you need the money in the first place and if there are non-dilutive options you can pursue first to accomplish the same goal.

I hope this helps!

Answered 6 years ago

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