Founder & CEO, Lucas Point Ventures
Sectors: Diverse sectors but majority of companies are women led.
“Make sure that every interaction with me is a unique opportunity to connect. If you have an interesting product, great team or knows your metrics, that is what will attract an investor to take a meeting.”
“I want to make money, so I choose to invest in women entrepreneurs! Raising money is hard for everyone – Since you can’t change the system, do your best to get through the system. That means presenting in a compelling way, knowing your business inside out and your numbers cold.”
“Know your market! Investors see hundreds of businesses every year. Entrepreneurs need to make it easier for us to understand what they are building, and why they are the ones to do it vs all the other companies out there.”
“Choose the investors you want to have on board with you – people you trust, who believe in you. It makes all the difference in the world.”
“Get your timing right: you can’t raise money if you don’t have a product or feedback from the market for whom your product meets a real need. This is really important: 50% of people who don’t succeed in raising money are not successful because it’s not the right timing.”
“We had no real business when we first started to raise money. Feedback helped us realize what was wrong so we pivoted and got traction. Build a good business and the money follows.”