Getting off the ground is indeed hard with lack of finances. That is why it is a good thing that there are more ways to get financial support for a business. One of which is to get a series of funding from a VC in Singapore. If this is your first time applying for one, then follow these tips below.
1. Consider the years of experience.
The age of your business has something to say with your credibility. The more years you are in the industry, the better. It means that your customers trust and support your products and services. That is why those numbers alone could help you get a series of funding approval in Singapore.
2. Know which VC firm to trust.
It is wise to do your homework. So, you would know which VC firm you could trust when you submit your venture capital portfolio. It would also help you find out if their expertise could help you manage your brand.
3. Secure the unpaid debts.
Also, while you are creating your venture capital portfolio, you have to settle your unpaid debts. That way, the VC would deem your business as responsible for the money you used to borrow before.
4. See the business’ credit report.
You have to since it could also affect your chances of getting approval. So, make sure your business’ credit is not lower than the average rate. The higher percentage is, the more they would place their trust in you.
5. Legibly write the cover letter.
Well, of course. That way, they would know better why you are wanting to get a series of funding and where you will use it. So, be clear about what you want to say about your goal
6. Get a reliable lawyer.
Since there will be a lot of legal agreement going on, it would be a good idea to have someone who could explain those terms clearly to you. Their explanation would help you make the right decision about what you should do next.
Do you still need a series of funding in Singapore? Then, reach out to Golden Equator Ventures. They support all sorts of startups. More so, those Millennials establishing their brand. So, what are you waiting for? Follow these tips and send your venture capital portfolio right away! Visit their website today and find out which email address you should send it.
