Startup Funding Espresso -- How Long Will It Take to Raise Funding?
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. I\u2019m often asked how long it will take to raise a round of funding.\xa0 It will take you one calendar year for every million dollars you are raising, that\u2019s if you are working on it full-time. If you are part-time, then it will take longer. You\u2019ll need approximately two months to prepare for the raise. This includes preparing the company, the investor documents, and the initial investor list. It takes another 2-3 months to engage investors and bring them up to speed on your deal. They\u2019ll want to monitor it for a few months to see the traction in motion. Then it takes a month to close. After you close those investors, you\u2019ll need to find another round of investors and repeat the process.\xa0 For a million-dollar raise, you\u2019ll need to do this three times on average. Some companies don\u2019t need all their funding in one go as most are based on recurring revenue and have the option of growing incrementally so they can raise funding the same way. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group