Every team or a founder of a startup business always wonders on this question is raising funds a myth or reality, many founders try to decipher as how X company got so much funding and why cant he get the same, then the founders try to figure out its just a myth and doesn’t happen for every one who starts.
Yes its not possible for every startup to get funding or raise funds, there are various reasons but for a founder he either feels its all foolish game being played in the name of funding or he feels that having factors like knowing investor or having a founder from IIM will make the difference.
Then there are founders who feel that let funding come then I will work on the million dollar idea so these thought process makes a founder or team of startup think that raising funds is a myth.
To play game you need to understand the rules of the game to understand how to break the rules to your advantage this is never the though process of founder of startup or team. The entire team thinks only from the perspective of their business being the best but they forget to think what investor’s want and what makes investor to write cheque is completely forgotten.
It’s a old story of fox unable to pluck grapes says to itself that grapes are sour and walks away.
Every day newspaper gives clarity on funding and how the investors are pumping in funds into companies, which are startups as this game is high risk and high reward, which few enter and dare to play
First thing the founder has to realize is figure out the product or service he is trying to provide does satisfy the investor criteria of investing rather than pitching across and then saying the investor don’t understand what I am trying to do.
This point is of no use as its not going to get funds for your startup and the same ways you cant quit and give up, you cannot create your own assumptions of funding.
Funding of startups is not myth its reality but it needs to be deciphered and approached accordingly by the founders.