Business School is hosted by Sharran Srivatsaa, President of Real (TSX: REAX) (NASDAQ: REAX), the fastest-growing, publicly-traded, real estate brokerage in the world. Sharran grew Teles Properties by 10x in 5 years to $3.4 Billion in sales and eventually sold the business to Douglas Elliman. Sharran is also an accomplished “deal guy” and private equity investor. He is the Chairman of private equity firm Highland Prime which focuses on investing in service-businesses and also the Chairman of ARC Multifamily Group which focuses on value-add multifamily investment projects. Sharran is a former Goldman Sachs and Credit Suisse banker and a sought after keynote speaker and is the creator of the wildly-popular 5am Club call for Entrepreneurs. On this podcast, Sharran shares his best secrets on how to grow your business strategically, how to build your brand elegantly, most importantly integrate the profits in your business with an overall joyful life. For more free resources visit Sharran.com
https://www.sharran.com/podcast/
episode 61: How to Pitch Your VC and Investor Friends
Raising money is essential for the success of your startup or small business. But many first-time entrepreneurs are not confident about finding investors in the early stages of their business development. A quick thought might be to approach friends and family for financial support. But combining your business life with your personal life can be tricky since you wouldn't want to hurt your relationship over money. So instead of asking your friends directly for cash, why not look at them as a resource for testing your business idea and finding investors. Ask them if they know of anyone who would like to invest in your business. If you have a solid proposition, they might consider writing you a check.
To give you a headstart, Sharran put together this quick 3-step guide to putting your pitch together and increase your chances of finding someone who will trust you with their money.
“Our job is to use our network for their network, not use our network for what they do.”
- Sharran Srivatsaa
Timestamps:
00:00 How do you get your VC friends to take you seriously
01:20 Know the job of an investor
02:24 Two things you have to remember when approaching an investor
04:19 Money vs. advice -- which one do you need
04:40 The first thing you have to do is work on yourself
06:24 Polish your pitch with the advice you get
08:18 Ask for potential investors or advisors within the same industry
Resources:
- Grab Sharran’s 4-Week MBA for Free
Connect with Sharran:
- Website