Fundraising Is Project Management

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Fundraising is project management.

In launching a fundraise, treat it like a series of projects.

Here are the key steps:

Start with investor documentation and build out the materials needed.

Build a list of potential investors.

Gain introductions to those investors.

Set up meetings with each one.

Follow up on the investor meetings for next steps.

Negotiate the terms of the deal when working with a lead investor.

Finally, close the investor.

As with all project management, it's best to plan out each step.

Communicate the plan to others on the team.

Use project management tools to keep track of each stage, such as a CRM and a scheduler.

Each project takes time and focus to build.

Apply project management skills such as delegation and prioritization of tasks.

Consider these project management steps and tools for your fundraise.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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