Startup Funding Espresso – Fundraise Closing Rate

1 rich Libsyn https://www.libsyn.com 90 600 Startup Funding Espresso – Fundraise Closing Rate Fundraise Closing Rate Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In sales, the average close rate of prospects is 5% to 10%. This often seems low to first-time salespeople who view their product as superior to the competition. There are many reasons why customers don’t buy the product. These include the lack of budget, inability to make a decision, and other priorities taking precedence. In fundraising, the close rate with investors is similar at 5% to 10%. The startup founder must talk to a hundred investors to close investments from 5% to 10% of them. The founder sees the potential of the startup and the opportunity it has. But only a minority of investors pitched will ultimately come in. Reasons include lack of funds available to invest, inability to make a decision to go forward, and other startups such as portfolio companies that take priority. Founders should factor this into their fundraising strategy. Set a goal to meet enough investors to hit the fundraising target. There’s a saying in the finance world.&nbsp;&nbsp; You have to kiss a lot of frogs. The startup space is no different. &nbsp; Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org&nbsp; Check out our other podcasts here: https://investorconnect.org/&nbsp; For Investors check out: https://tencapital.group/investor-landing/&nbsp; For Startups check out: https://tencapital.group/company-landing/&nbsp; For eGuides check out: https://tencapital.group/education/&nbsp; For upcoming Events, check out https://tencapital.group/events/&nbsp;&nbsp; For Feedback please contact info@tencapital.group&nbsp;&nbsp;&nbsp; Please follow, share, and leave a review. Music courtesy of Bensound. Investor Connect Podcast http://investorconnect.org/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/35386480/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/87A93A/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/184857615