Posted on 05 July 2011
Need Funding for Your startup? Meet Nigerian Angel Investors at “Pitch Monday”
I have heard people complain several times that there are no investors in Nigeria, that if ONLY there were, they would be competing with FB and co. This July edition of Mobile Monday, we will have investors in the houe, so you can pitch your app/startups idea/prototype to them. On the 25th of July, it will take place. so get ready.
Are you ready to pitch? Register here.
As a young angel investor, I’m not a big fan of pitching. I think pitching events are more of a test of your public speaking and reality distortion skills than the quality of your startup.
Warren Buffet, my mentor, doesn’t invest based on pitches. You give him a phone call, tell him about your business, and send your financials to him. If your financials are good, then you can meet – but not for a pitch! You meet to answer his numerous questions about your business and negotiate a possible sale.
I know angel investing is a different kettle of fish, but I hope we can have an interesting debate about startup pitching here.
I think I agree with you. I dont even think any of the startups were invested it. Like, you pointed out, it is a good platform to check out your public speaking and showcase what you have got. You know, you could get lucky, and get funded!
I kinda disagree with you guys. I don’t think you can get much from a “start-ups” financials.
But we first need to be clear on what my definition of a start up is; and that is a firm or person that is in the process of launching an idea or project. By this definition this person or firm needs seed-capital.
My advice for investors is to invest in what they are passionate about. If this is the case then they are not just putting their money, but other resources that can push the idea to greater heights.
(Strictly my own opinion)