How we completed our seed funding round [Key Takeaways]

Recently, our comparison startup was successfully funded.These are the key takeaways from the process: [I'll try to keep it short and informative].An idea isn't enough to secure seed funding. Make sure you prove the concept over a period of time and display clearly the financials. It doesn't have to be the finished article, drill down to the basics and see one if there is a need for your product/service, but two are you able to transact on it. Investors want solid, factual proof that there is a need for your service and that it can be scaled.Keep your pitch deck minimal. The investors want to know the key points, and if they invite you for a first stage interview to discuss, this is where they will get the detail. Make sure the deck is well written, clean and structured correctly. Start with introducing your product/service, move on to the history and then a bit about yourselves. Then on the opportunity and what you intend to do with the investment. Then finally in the back of the deck, core financials.Make sure you know your figures. You'll be asked a lot around the market, a lot of questions on your financials. If you don't know them off by heart, make sure you have some form of a prompt. Luckily in Covid times, most will meet on zoom, so you can keep your notes section up.There is a lot of silence. When approaching investors and VC funds look to see if they have a request/sign up form or look for key researchers who essentially will scope out if the idea/proposition is worth presenting to the head investors. You may not hear from a lot of them, but don't let that put you off. Maybe change up the tactic, maybe instead of filling out the "Request form" go onto Linkedin and connect and contact respectfully with one of the researchers. Always look to try and test different methods at the early stages.It's a long process. It won't happen in a week, or a month, maybe even a couple of months. But stick in there. Make sure you don't pin your hopes on a singular investor. This will help you in two ways, one keeps your options open, you may be lucky enough to have investors fighting over you. Then two, it allows you backup options if your preferred choice walks away. Which will almost always happen.Practice your pitch. Practice it over and over again. Not so you talk to them as if you're reading from a sheet, but so you know the structure, it doesn't;t have to be word for word, but at least know the key facts to help you build off of it.Happy to answer any more questions on this and build upon it. All the best guys!P.s I can share more info or link to the articles published on our Seed funding. Just didn't want to look spammy. see hubwealthy.com/wealthy