Posted by Anonymous on 2016-02-20
We are a healthcare technology startup company (pre-revenue stage) located in GA. We have spent significant amount of our time (last 8 years with a global team, around $1M invested) working on the technology that we feel would change the way healthcare is done. We are about to launch the cloud-based enterprise class product platform. We put together business plan, financial projections, pitch deck. We are planning to raise about $3.5M. Having not raised any capital before, I am not sure about the best approach:
1. Consultants: Every one I spoke with wants upfront money (or hourly fee) and it is hard to allocate money until capital is raised (based on our current situation). Also, most of them do not have broker-dealer license.
2. Investment Bankers: I tried to contact couple of investment bankers and none of them responded. As per my understanding, they charge a percentage and do not require any upfront investment. Can you suggest few firms? Is this a good approach?
3. VCs: They usually need introductions and I do not have any connections in this area.
4. Crowd Platforms: I am not sure if this is suitable for our type of capital raise. I checked into EquityNet and it looks like, I need to contact each individual investor.
I know lot of you have the expertise on the subject. If you can share any thoughts / suggestions or contact suggestions, it would be greatly appreciated. If you would like to speak with me privately, please suggest.
Thank you for your time.PRIVATE: Members Only