Getting funding for your startup could pose one of the most difficult hurdles of your entrepreneurial career.
While many startups usually receive poor attention from investors for reasons such as having a “me-too” product in an already oversaturated market or a founder delivering a poor pitch, many have not actually considered other outside-the-box factors that could affect their chances of getting funded.
One of the ways your startup might miss out on funding opportunities is your social media habit.
Social media can play a role in helping founders secure funding for their startups. But it could also come in their way of securing funds from scrutinizing venture capitalists. This is more so now that we’re in an era where the Silicon Valley funding bubble is almost fading. To put things in perspective, it’s widely reported that more startups were funded in 2015 than in 2016. If this does not mean anything, it’s that VCs are getting tired to throwing their money around.
While the amount of cash in the hands of willing investors may not be short, these backers are now looking for more “worthy” startups to invest in. One of the factors that may help a startup measure up on a backer’s barometer of worthiness is the person behind the startup itself.
Use social media badly and you could ruin your chances of wooing a VC to bet their money on you.
Your social media posts reflects on your startup
Many people have the impression that the...