📌2.1/ What does the project need from investment funds?
🤔 In reality, not all projects need money from private funds.
Before founding a company, many founders had a very solid financial base.
Therefore, the most important thing for them is to find the missing pieces 🧭
From my perspective, a current project needs 5 basic elements to develop in the market.
✅ Money/Capital
✅ Resources
✅ Relationship
✅ Community Marketing
✅ Brand image
In particular, I think the 3 most important factors when a project seeks investment funds are:
Relationship
Community Marketing
Brand image
⚠️I'm talking about projects that want to develop real products, not raise capital and steal it from investment funds.
📌2.2/ Relationships, Community Marketing and Brand Image
Why are the three factors Relationship, Community Marketing and Brand Image so important?
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1️⃣ Any founder who wants to start a growing company, most of them already have a solid financial base.
Of course, when they expand, they need more capital, but if the focus was on capital, they wouldn't have needed to go to a fund because the fund would always have stricter terms to "squeeze prices" ✒️
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2️⃣ In terms of resources, the fund is certainly not a provider because only the project knows what they need? need from whom?
Their highest expertise fund is managing money and investing on that money💵
Not to mention founders also have their own direction, usually they will find a companion to develop that idea, not a group of advisors to correct their idea!
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3️⃣ As for the remaining 3 factors: Relationships, Community Marketing and Brand Image, it is extremely difficult to build.
Not only does it require the founder to have a good image and the company must be popular with customers, but it takes a lot of time to prove that ⏰
⚠️ If they want to grow quickly, they CANNOT:
❌ Find 100 genuine investors and introduce who they are?
❌ Build your own Twitter and Telegram channels and want to reach 100K Followers in 6 months.
❌ Prove themselves that the Legit project is working well in a short time.
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💎 BUT that will change 100% if the project is invested by Binance Labs, a16z, Sequoia.
✅The project does not need to prove that it is legit because Binance has sponsored it
✅Twitter & Telegram channels automatically attract real followers
✅Other investors will SELF-FIND the project to ASK for investment!
✅Even have the opportunity to list on top exchanges like Binance, OKX, Coinbase.
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📢 For example, in the picture below, even though we don't know who the founder of the project is, thanks to Sequoia's sponsorship. We can believe that there is a high possibility that this project is not (touch-cam)⚠️