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Gaining access to funding is one of the most crucial factors for entrepreneurial success, especially at an early stage. Capital can be raised in several ways, from using your own money to borrowing from a bank, or accepting a third-party investment to help you get your business up and running. Getting a venture capital is one of the best ways to launch your business when your company isn’t at an IPO stage or in the stock market yet. Venture capitalists offer a wealth of collaboration, investment, and other opportunities for startups, but many entrepreneurs and startups in Hong Kong don’t know how the venture capital investment process works. Here are 3 major elements that can help you to pitch your business ideas successfully:
Venture capitalists are highly selective, they are looking for startups with enormous growth potential that caters to the bigger market. All investors operate on a “Go Big or Go Home” mentality, so you'd better be going after an enormous market opportunity! You might be wondering what exactly is a "big" market? And how do you define "big" in this case? For “big”, we mean multi-billion dollars, venture capitalists want to see an outcome of $100 million net worth or more, they are not satisfied with $10 million, $25 million, or $50 million exits. Venture capitalists are here to help you grow, and a big market provides your firm with a larger room to develop. On the contrary, a small or medium-sized market may not have enough room for decent growth, therefore, satisfying an investor’s aggressive return expectation is the key to seeking venture capital.
A distinctive product or service is able to draw the investors’ attention instantly. Developing a one of a kind product is not easy, yet, its uniqueness makes it harder for competitors to replicate what you have. Investors will not only try to understand the technical capabilities of your product but also determine if the product is solving problems for potential consumers and hopefully, change the world like other revolutionary inventions did. Here are several ways to stand out:
• Product differentiation: Distinguish your product from similar offerings on the market
• Process differentiation: Provide newer and more efficient ways of solving the same problems
• Price point differentiation: Sell your product or service with a different pricing strategy
Your idea is not good enough if it is not backed up by data. Data is king when pitching your company to venture capitals, as investors love figures! Make sure you back everything up with metrics and solid data. Providing solid data can not only help them better understand your business but also instills a great degree of confidence into investors that your business is worth investing in.
Garage Blog
5 Key Tips for Planning Memorable End-of-Year Events
As the end of the year approaches, businesses across all industries are gearing up to celebrate their accomplishments and foster team spirit with memorable events - from Christmas Parties to team building activities and networking socials. If you're in charge of planning an end-of-year event for your organisation, whether you're in Web 3 or Wellness, Banking or Blockchain, Art or AI, we've got you covered
Garage Blog
"Paws for a Cause" Dog Adoption Month at Garage Collective Cafe
Join us for three incredible dog adoption events across September that will warm your heart and change lives forever!
Our "Paws for a Cause" month brings adorable shelter animals seeking their forever homes and compassionate individuals like you together at our pet friendly Garage Collective Cafe space.
Garage Blog
International Dog Day 2023: Conversations with Pet Parents
To celebrate International Dog Day, we sat down with Damith Weerakoon - Director of Marketing & Operations at Garagers Milestone Beverages and proud Dad to Solo - our resident canine companion at Garage Collective SYP! Dive into our discussion below to explore the ins and outs of dog ownership in Hong Kong as we raise a bowl of water to our furry friends!
"A pet friendly space is great for not just me but for Solo to have a space to meet other dogs, and everyone here loves her as much as me!" Damith Weerakoon
But that's not all—we also caught up with Tati, our Community Marketing Assistant, to explore another fascinating aspect of dog-related responsibilities in this bustling city.
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