One of the most often asked question from young entrepreneurs who don’t really live in one of the startup epicenters: “We don’t have enough investors in our region. How can I get funded?”

LIVING OFF THE GRID
Well, if you want what’s not available in your village, you need to do one of two things: get to the next bigger city or order online. In case of an investor you need to look for investors online and most likely then go meet them. If you are living in a rural area, you may indeed not get any investment. This is not because investors don’t want to travel to your location, but you are so isolated that your success is much less like than from your current or future competitors. Go where the action is :)

INVESTMENT
If not really in a rural area, it actually doesn’t matter where you are when it comes to finding investors. Investments are like water and always find the best way to an opportunity. This is why diamond mines in Africa, tech companies in Vietnam, car accessory vendors in Oshu, wholesale distributors in Munich and so forth got funded.

WHAT IS AN OPPORTUNITY
Sorry to say that, the problem isn’t the lack of venture capital, but the lack of fundable opportunities. Here is what investors are looking for:

  • Attractive business idea that makes sense
  • Businesses that are serving large markets
  • Stellar founders team that already invested everything they have in the startup
  • Rock solid market validation – more than 50 people already expressed interest
  • Minimum viable product that shows your idea is somewhat working
  • Well thought out business model (ideally a disruptive business model)
  • Great feedback from alpha testers of your MVP
  • Very good plan how to go to market

Here are a few tips
1) A day of a startup ceo – World Innovations Forum

2) Most common mistakes – World Innovations Forum

3) https://wiforum.org/2015/12/many-startups-fail

4) What is actually a great founders team – World Innovations Forum

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