Are you investment ready? – Read this by Wilson Casado

Oct 16, 2020

How you can get feedback on whether you are investor ready

There is nothing more exciting, or sleep depriving, than when you come up with the world’s best idea – or at least in your mind.

For some people the idea fizzles out as quickly as it appeared, but for others it becomes all-consuming and motivates their every move. 

I understand you, we have been there. If you are the latter, help is coming.

As the founder of a business, you know you have a great idea, and you know it offers something new and different. You are excited and driven to share it with the world, and you may even know what you want to do with your idea and where you want it to go.

What you may not know, however, is how continued investment, mentorship and support from experienced angel investors can underpin your success, help you realise your goals, and transform your idea into a successful, long-running business.

Take The Volte for example. Last year, the Australian peer-to-peer fashion lending marketplace closed an over subscribed $700,000 seed round from a consortium of angel investors. Co-founder Kym Atkins said the investment and support from angel investors set them up for continued growth and helped solidify their position in the market.

“Partnering with the right investors is very important to us, as each investor brings a diverse range of skills, connections and strong mentorship to help us steer the company in the right direction”, Ms Atkins said.

At last count, The Volte saw a 400% growth in revenue, with the platform now boasting a retail value of over $10M, with more than 100,000 active users per month and over 15,000 listings.

Formalytics is another example of a Perth-based start-up who, backed by angel investors, has seen remarkable success. The company developed technology from the ground up that utilises computer vision and augmented reality which turns any ball into a smart ball through a mobile device. Today, they field a world-class team of former venture capitalists, research scientists (Harvard, MIT) and software engineers (ex-Google, IBM) spread across Australia, the US and UK.

There are many, many more examples of start-ups who, with the support of Perth Angels and angel investors, have realised their goals and turned their ideas into successful businesses.

So, what difference could smart investment – beyond financial – make to shaping your idea? What support do you need to ensure your start-up can develop, grow, and succeed? Is it an increased understanding of where your idea fits in the market, how to market it and determine its scalability? Is it support to help define your clear deal proposition and determine the investment required, or how much equity would be needed and what the money would be used for?

You need more than just a good idea in order to bring it to life. You need financial backing and advice and guidance from the right people who believe in you and understand your idea, and who can steer you toward success.

That’s where Perth Angels – a network of private investors actively engaged in local, emerging ventures – can provide help.

Perth Angels’ Deal Screening will run face-face (and Zoom) sessions on 28 October 2020, and invites founders who are investment ready (or close to it) to present their ideas.

We will provide you with feedback to:

  • Understand the problem being solved, and seek market validation
  • Refine a Minimal Viable Product (MVP)
  • Understand your development stage, and the size of the market/ opportunity
  • Explore investment/ equity/ valuation/ allocation
  • Develop realistic execution plans
  • Understand your exit options

With this information, you’ll be equipped with the knowledge you need to effectively pitch your ideas.

Following the Deal Screening, three candidates will be invited to present their deals at the Perth Angels’ Pitch Night in front of potential angel investors. From there, the sky’s the limit.

The role of the Deal Screening and Selection committee is to identify opportunities. If you have successfully raised your idea off the ground and need the support and investment to take it to the next level this might just be what you need.

Interested? Take the next step by applying for funding today at https://www.perthangels.com/entrepreneurs/. If you have any questions, please don’t hesitate to reach out – we’re here for you.