When you’re excited about the hot new product that’s going to launch your business, you want to get it to the ears and inboxes of investors as quickly as possible, right? Not so fast. As a venture capitalist and angel investor for many years, Richard Harroch has heard his share of poorly produced pitches, and he cautions against reaching out to an investor before you’ve perfected your pitch. Based on some of the mistakes Harroch commonly sees in investment pitches, here are four ways to differentiate yourself from the competition and up your appeal to a potential investor. PERFECT YOUR PITCH You want to get it just right before you put it in front of the person holding a checkbook. Practice on friends, family, and your team. If you’re presenting the pitch with your team, make sure they all have something to contribute. According to Harroch, “Investors want to know that you have a good team.” This should include highlighting each team member’s experience and background. DEFINE HOW YOU’RE DIFFERENT Your investors have probably heard the same pitch within your industry dozens of times and have a good sense of the competition — after all, if it’s the right investor, they’re already putting money into the industry. How is your business going to bring something different to the marketplace? How is it better than the competition? Why HOW TO PERFECT YOUR PITCH TO INVESTORS PITCH PERFECT
should they put their money into your idea? Come with a defined but concise plan to wow your investor and prove that your idea is worth the dough.
KNOW YOUR INVESTOR’S NICHE If you take your mobile app idea to an investor who’s only interested in biotech, they’re probably not going to bite. Do your research before you reach out to an investor to make sure that they have documented stake in your industry and you can pique their interest. UNDERSTAND AND ACKNOWLEDGE YOUR LEGAL RISKS An investor will want to know if you understand the risks involved with your business and how you are mitigating them. Do you understand the legalities of filing your LLC? Are you working with an attorney? How are you protecting your intellectual property? Be ready to outline your risk minimization plan. Another way to perfect your pitch is to consult an attorney who is familiar with the complexities of business law. When you are looking for such an attorney, turn to Amiel Wade. As a lauded attorney specializing in business law in the state of California, Mr. Wade recognizes that corporate litigation requires a careful balancing of many factors, including costs, principles, and potential liabilities. Contact the offices of Wade Law today to see the Wade Law difference.
SUDOKU
FATHER’S DAY CHILI LIME CHICKEN WINGS
This Father’s Day, spice up your wings with this zesty recipe that’s sure to please the whole family.
INGREDIENTS
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1 lime, halved
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4 pounds chicken wings
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Extra-virgin olive oil
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1 stick unsalted butter, softened
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Kosher salt and freshly ground black pepper
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1 1/4 tablespoons Thai red curry paste
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1/4 cup honey
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Chopped cilantro for garnish
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1/4 cup soy sauce
DIRECTIONS
inspired by foodnetwork.com 1. Heat oven to 425 F. 2. Rinse wings under cold water and pat dry. Season liberally with salt and pepper, and drizzle with olive oil. Roast on a baking sheet for 25 minutes or until skin becomes crisp and brown. 3. Blend butter, red curry paste, honey, and soy sauce in a large mixing bowl. 4. Toss wings in butter mixture. Squeeze lime juice on top, transfer to serving plate, and garnish with cilantro. 3 408-842-1688
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