同濟大学 How to Raise Money for Your Startup TONGJI UNIVERSITY 4.Have multiple plans. Store -Salesperson:"How much were you planning to spend?" For they can show you only things that cost the most you'll pay. Investor:"How much you're planning to raise?" plan to raise a It's to see whether you'd be a suitable recipient specific amount for the size of investment they like to make,and also to judge your ambition,reasonableness,and different plans match how far you are along with fundraising. different investors A rule of thumb about the upper limit on what you should raise: the number of people you want to hire X $15k X 18 months. Eg.20 x $15k x 18=$5.4 million 4. Have multiple plans. How to Raise Money for Your Startup It's to see whether you'd be a suitable recipient for the size of investment they like to make, and also to judge your ambition, reasonableness, and how far you are along with fundraising. plan to raise a specific amount different plans match different investors - Salesperson:"How much were you planning to spend?" For they can show you only things that cost the most you'll pay. - Investor: "How much you're planning to raise？" A rule of thumb about the upper limit on what you should raise: the number of people you want to hire X $15k X 18 months. Eg. 20 x $15k x 18 = $5.4 million