We are going to a first stage funding round next week at our investor event. I just wanted to know what the collective thoughts were based on experience of the top 5 questions people have asked ?
I think you should be able to answer the following questions very quickly during the meeting:
What does your company offer that your competitors do not?
What are the barriers to entry in your field / what advantage do you have over new entrants to the market?
What would happen to the business if you/one of your key people left?
What will happen if you don't meet your business plan's projections?
What will the investment be used for? (NEVER say to fund day to day operations or to pay you!)