- Estimated duration: 3 hours
Modules
Module 7
Funding
In this module, you will learn about funding your startup.
While completing this module think about the following questions:
- What are the different types of startup funding?
- What are the different sources of startup funding?
- What is seed funding and how can you access it?
- How do you pitch to investor?
Section 1: Readings
Section 2: Videos
Section 3: Workshop
Section 1: Readings
Read the following material to learn more about funding a business.
“Startup Funding: What It Is, How It Works, & 5 Tips for Landing It” (20 mins)
In this reading, you will learn the basics of startup funding including the different types of funding and an introduction to the process.
https://blog.hubspot.com/sales/how-startup-funding-works
“Seed funding for startups: the ultimate guide” (25 mins)
In this reading, you will learn about Seed funding. It is a complete guide on the process of the Seed round of funding.
https://www.paddle.com/resources/guide-to-seed-funding-for-startups#equity
“How to raise first round of startup funding in Finland?” (10 mins)
In this reading, you will learn about the different opportunities for raising funds for a startup in Finland.
https://aikainen.com/2021/08/17/raising-your-first-startup-funding-round-in-finland/
“Business Economy. Startup funding in Finland” (20 mins)
In this reading, you will learn about funding a startup in Finland. You will learn about different resources for finding funding in Finland, as well as tools to help you calculate and prepare all of the information investors will want to know.
Section 2: Videos
Watch the following videos to learn more about business funding and pitching to investors.
“How Startup Funding works: Seed money, Angel Investors and Venture Capitalists explained” (13:00)
In this video you will learn about the basics of funding your business through the different stages of the funding cycle.
“Startup Valuation – A Guide to what your Startup is Worth” (9:00)
In this video you will learn about the different valuation methods for companies. This will help you to appropriately value your startup when presenting it to investors.
“What investors ACTUALLY want to see in your PITCH DECK.” (13:00)
In this video you will learn tips on how to build a better pitch deck. You will learn the information to include in your pitch deck to investors with just 8 slides.
“How to deliver a winning elevator pitch for investors (with examples)” (11:22)
In this video you will learn about the concept of an elevator pitch. You will learn how to create a short and concise pitch that will engage potential investors in under 60 seconds.
“Elevator Pitch | Are You as Passionate as You Say You Are?” (44:27)
This video provides examples of elevator pitches from 5 different entrepreneurs. While you watch, analyze each pitch and think about their strengths, weaknesses, and consider the comments by the experienced investors.
Section 3: Workshop
Use the skills you learned in this module to create an elevator pitch for your business idea. Create a video of yourself conducting the elevator pitch (60 seconds or less). After you have successfully created your pitch video, review your video and write down what you think are your strengths and weaknesses.