WHY WASTE TIME ON THE 'WRONG' INVESTOR?

[kooboat]

Sometimes we just waste time on the wrong people concerning our business proposal or projects. In order to find the suitable investor, you need to speak to the right people who are likely to understand your mission. For instance, if your business is on the educational sector, it is better to speak to a school principal or a stakeholder who believe something related to education can gave him/her returns on an investment. In that case, it is mostly unnecessary to speak with a business man who is into mining.

[jossiel]

It is why you are proposing, to get the prospect clients that would believe in your business. You can't choose the people that you would want to invest in your business and be a stakeholder unless they fully understand how your business earns and its cycle.

Having the wrong investors and not catching the mindset that you have is part of the process. On the investors side, we are free to invest to the businesses that we want, what we understand and what we believe that has the potential to grow.

[joniboini]

That would mean you need to study the background of your investor first, or probably do marketing over their place. In short, it's almost impossible for you to do a one on one session with each investor, so even if you talk with somebody who's interested in education, doesn't mean they'd buy your idea. On the other hand, there's a chance that anyone who's not deeply interested in education wants to support your idea because they find it unique.

If you're a start-up, better talk with start-up incubator or just do it yourself instead of looking for private investors without any working product.

[avikz]

Sometimes we just waste time on the wrong people concerning our business proposal or projects. In order to find the suitable investor, you need to speak to the right people who are likely to understand your mission. For instance, if your business is on the educational sector, it is better to speak to a school principal or a stakeholder who believe something related to education can gave him/her returns on an investment. In that case, it is mostly unnecessary to speak with a business man who is into mining.

Your statement is absolutely wrong! If you want to start a business in education sector and you need funding, it is better to speak to a businessman from any sector instead of speaking to a school principal. Because the businessman will have money to fund your business but the school principal won't. However, it is better to keep a school principal in your team to increase your credibility to that businessman!

Suitable investors are hard to find so it is always better to approach anyone with money. You never know who will be willing to fund your business with their wealth! I personally would not close any communication line out of assumption unless and until I approach them! That's harmful for business!

[harizen]

Sometimes we just waste time on the wrong people concerning our business proposal or projects. In order to find the suitable investor, you need to speak to the right people who are likely to understand your mission. For instance, if your business is on the educational sector, it is better to speak to a school principal or a stakeholder who believe something related to education can gave him/her returns on an investment. In that case, it is mostly unnecessary to speak with a business man who is into mining.

But sometimes, even someone proposed certain projects in its own line of field, it doesn't even yield a good result. So for this, people will try to cross the path and jump on other sectors to somehow reach other institutions that might be interested in that idea. That's the part of a test.

Investors don't jump immediately on something they didn't know but once they see that the idea is good or worth to put a shot, they might give a chance to test the waters on it.

Now the question, how good that "idea" is?

[Lanatsa]

Sometimes we just waste time on the wrong people concerning our business proposal or projects. In order to find the suitable investor, you need to speak to the right people who are likely to understand your mission. For instance, if your business is on the educational sector, it is better to speak to a school principal or a stakeholder who believe something related to education can gave him/her returns on an investment. In that case, it is mostly unnecessary to speak with a business man who is into mining.

It should really be relevant because if not then expect you are just simply wasting up your time.Interest might depend on what investors do like or being engage to.

So its just normal for you to target out those people with having corresponding relation on what project you are offering to.

[BITDV]

Market segmentation is needed to find suitable investor, but spreading project also a must. I ever got some help to get investor from someone not related with ICO/Blockchain, he just interested with investing. After we met i told him that our project using coin not fiat for investment, he said he did't interested with blockchain/ico, but he introduce me to others person in next month who became our investor

[sandra_x]

while it is reasonable to sell your business proposal to someone who share similar interests, that by no means should not be a limiting factor when sourcing for investors, I have discovered in my own little projects that investors are only interested in project with clear-cut profit model and that something is already on ground to build on.

[Coyster]

As long as your project or business is a good one, you'll always get good investors who would love to promote it and make money from it in return. It's not feasible to try to talk people into investing in your project, you would not be able to cover quite a large number of people.
The right thing to do is to let you business or project proposal speak to them, make sure it's what can catch the attention of investors and get them interested.

For example I hardly invest in ICO projects anymore, because none just seems to catch my attention or looks promising in the long run, no investor puts his money into what looks like a failure from the very beginning.

[davis196]

Sometimes we just waste time on the wrong people concerning our business proposal or projects. In order to find the suitable investor, you need to speak to the right people who are likely to understand your mission. For instance, if your business is on the educational sector, it is better to speak to a school principal or a stakeholder who believe something related to education can gave him/her returns on an investment. In that case, it is mostly unnecessary to speak with a business man who is into mining.

You need to qualify your potential investor,by asking him certain questions and getting more information about his background,views,ideas,etc.If he doesn't suit your desired "ideal investor" persona,you just move on.
Anyway,I don't quite understand the goal behind your post.Do you share something out of your personal experience in regards to talking with "wrong" investors?
What is your project?Can you share more info about it?

[el kaka22]

How could you know if an investor is the right investor without speaking to them. You have to spend time with wrong investors to know who is the right investor, without light there would be no dark, without black we wouldn't know white. Hence, you gotta waste time on wrong investors to realize who is actually a good investor, just meeting with good investors would make you not realize how good they are, but when you meet with bad ones as well you realize how bad ones are and then you meet with good one and actually understand what makes him good one.

It is like that in every aspect of employment as well, working in a good company or a bad company you need both to realize, or hiring, if you hire a bad chef then you can hire a good one and know the difference, it makes you understand the difference between good and bad when you understand both of them.

[maxreish]

Not all understand the essense of blockchain technology and cryptocurrency. But yeah, we should select the right prospect when proposing the project.

We should consider these things;

• Prospect investor shall be a helpful to contribute to your business and projects
• Shall have unity in terms of goal and profits
• Make sure that they work well under your company and that they may actively accompany you with an open mind.
• Have a wisdom and background in your proposed projects and goal.
• Have an optimistic attitude towards your objectives.

[SquallLeonhart]

When it comes to business proposal, I believe that you cannot limit it to a specific set of people because they are not meant to be part of the team, the language any investor wants to hear is the profit that they will get in return, and if they have the money, provided they trust you, they will leave the money, because everything still depends on your relationship and the trust that the investor has in you.

Imaging that most of these campaigns that are looking for investors, if that is how investments works, why did they nit just target specific set of people, but rather anyone that is interested in having the profit that they offer. For me, I believe you can speak to anyone that you feel has money and understand investment, then the project will be the last thing to really be concerned about by these people.

[mu_enrico]

When it comes to business proposal, I believe that you cannot limit it to a specific set of people because they are not meant to be part of the team, the language any investor wants to hear is the profit that they will get in return, and if they have the money, provided they trust you, they will leave the money, because everything still depends on your relationship and the trust that the investor has in you.

I strongly agree with this comment.

Based on my experience (might be biased), investors mainly care about the business model and how competent and trust-able the team is. As long as you have a robust business model/prototype, you will be fine. Most of the financial forecast is shit anyway, so don't bullshit the investors about your impressive ROI.

Background check worked for bootstrap mode (not with VC and stuff), when you tried to get investment from your family and friends.

[Ridwan Fauzi]

The first thing before you choose an expert's investor you should also know the investment place itself. It will be useless when you find an expert according to your mind but you never know the investment itself you will also same by giving up your money to other people.

And I think we don't need an expert to start investing, because we have an ability to gain money through our way. Just back again to ourselves, if try to find an understanding the ins and out how to investing and choose an investment place I guess there is many ways for us to gain money. But if not, the risk that will be faced later is much although we choose a good investor to manage our money.