| You need to get your ducks in a row finance wise. A serious investor will see the following red flags as a lack of planning, and as a result, you will not hear from them again. I would say to hold off doing any investor presentations until your plan is complete.
1. No exit strategy, 40% share does not hold much water.
2. Possible ROI in 1 year, but you are asking for 3 shows a lack of planning, the plan needs to be realisitic and solid to be credible.
3. 40% for life is a big problem, if you do want to go after the likes of Amazon, you will need additional rounds, and the 40% will be diluted big time. If you don't want to go big, thats fine, but that needs to be covered in the plan. It sends mixed signals.
4. You ask for private, angel and vc, and then $500K, clearly outside the realm of most VCs, it shows lack of planning
Investors never want to "go with you" they want a return on their money. You may however find a partner for a 40% share. The problem is, that many times partners will even be more difficult when it comes to due diligence and planning than investors.
Ron |