get external funding to pay for the expansion
thoroughly assess whether you need to get external funding or not - if you do, now is the right time: your targets are aligned with those of potential investors and are to scale your venture.
A good starting point to understand what different types of funding exist, at what time they are attractive and how they affect you - plus an awesome infographic :-)
Before you start chasing millions, stop a minute and read this post by a founder who built up his startup without external funding - now, do you really need VC's?
Well, to make your decision even harder, here a post about the downsides of self-funding/ bootstrapping by an experienced and successful bootstrapper.
To help you with your decision, here 12 startements by experienced founders about raising money vs. bootstrapping.
If you decided to bring an investor on bord you will most likely have to write a business plan (yes still). Learn about the do's and dont's.
To get the investors interest, a one-page business plan is often enough. Use this worksheet to find out what should be included in your one-pager.
Short and quick: which sections have to be included in your business plan and what to write in each section.
Use this interactive worksheet to understand dilution and how different investment rounds affect your equity share.
Similar to the Equity Investment Simulator, this tool helps you to understand how the equity is shared among the shareholders after different funding events.
Easily create your own cap table (or capitalization table) which shows how the shares are distributed among the founders and investors.
Use this template, provided by PRE Ventures, to create a good investor update which includes all the important invormation.
Another staightforward investor update template. Unlike the previous example, some more invormation about the when and how are provided.
Why not creating your investor update online and connecting tools like Google Analytics to help you design great looking and easy to share reports?
Looking for an investor? Upload your business case to AngelList and get an intro to 15 to 20 handpicked investors.
Browse through tousands of company and investor profiles, see who invested how much in which company and find a match.
1st: Upload a short video pitch about your team and your startup. 2nd: Get introduced to a large pool of investors.
You have an investor meeting but not time to prepare? No problemo.. Charlie automatically provides you with a onepager about whoever you are going to meet.
500 Startups provides these free legal docs to keep convertible equity financing quick and simple and to save founders and investors time and money.