Here’s your opportunity to learn the startup and expansion financing secrets of elite entrepreneurs such as those found on the annual Inc. 500 Fastest Growing Companies lists.
Up until the second half of the 1990s, most people had never even heard of venture capital. Part of the reason for this is that they didn’t need to know about it. Venture capital has always been focused on backing a select few proven and known players and not the masses.
As a result of the Internet boom almost everyone has come to believe that outsiders will throw money at their startups. The money is supposed to come from VCs, angel investors, or the little people through crowd-funding websites.
Someone else is always expected to bankroll you as you attempt to prove that you can succeed as an entrepreneur.
Yet something like 4 out of every 5 startups fail. Smart investors know this. This is why they want to see some proof first from you. The specific proof is “traction” which refers to sales.
The way around this problem is to upgrade your entrepreneurial skills by learning how real entrepreneurs fund their startups early on.
With traction comes interest and respect from investors.
