Name: Common conundrums to fintech start-up funding
Uploaded: 2022-02-03T14:44:08.412Z
Duration: 162.37
Description: More capital and financial leverage will almost certainly be required, regardless of how good your product or business idea is. Even the well-funded and successful enterprises have been raising more money more than ever before. Amee Parbhoo, Managing Director of Accion Venture Lab, discusses the typical difficulties that Fintech start-ups face when seeking funding.

Common conundrums.vtt

English

{{00:00:24}}
I think one big piece of it is this
inability to sort of articulate what

{{00:00:34}}
is the longer term vision of what we
want to build and what I view, kind of

{{00:00:41}}
my impact story, but not just impact in
the social way, but sort of our growth

{{00:00:46}}
and our vision will be as a team.

{{00:00:48}}
I think as a seed fund, we
oftentimes get founders who are,

{{00:00:53}}
here's the details of the pilot.

{{00:00:54}}
Here's what we did.

{{00:00:55}}
Here's how we're going to scale
it and kind of mapping out.

{{00:00:58}}
But we want to hear that big vision.

{{00:01:00}}
We want to hear what you're building
for and why you're building it.

{{00:01:04}}
And so I think oftentimes I also
find founders who over index

{{00:01:10}}
on the formal side of pitching.

{{00:01:13}}
What do you mean?

{{00:01:16}}
We want to see your pitch deck.

{{00:01:17}}
We want to see your
financial projections.

{{00:01:19}}
We want to go through diligence, but
we also want to know who you are.

{{00:01:22}}
What drives you and what you know.

{{00:01:25}}
So it's a challenging time in which to
get to know investors more informally.

{{00:01:29}}
You're pitching remotely.

{{00:01:32}}
You don't have the ability to kind
of sit around a table like we are

{{00:01:35}}
now and get to know one another.

{{00:01:37}}
But I do think it's oftentimes how
do you find those opportunities?

{{00:01:42}}
Not just for investors to get to
know you and your team's vision

{{00:01:45}}
better, but also for you to do your
diligence on me and make sure I'm

{{00:01:49}}
going to be the right partner for
you for the next 10 plus years.

{{00:01:56}}
First of all, I would say it's
a tremendous time to be an

{{00:01:59}}
entrepreneur in this space.

{{00:02:01}}
So keep doing what you're doing
and keep building and keep

{{00:02:05}}
knocking on all the doors.

{{00:02:06}}
I think it's a game where you
have to have conversations with

{{00:02:10}}
lots of people and each of those
conversations makes you better.

{{00:02:14}}
We'd like to think that through our
conversation with entrepreneurs,

{{00:02:16}}
we might give them ideas to whether
or not we end up working together.

{{00:02:20}}
They could take and help build
the business into something

{{00:02:23}}
just slightly incrementally
better than what it was before.

{{00:02:26}}
And so don't just pitch what's
in front of you, be open and

{{00:02:30}}
receptive to that feedback.

{{00:02:32}}
Be open to where you might
be able to take the business.

I think one big piece of it is this
inability to sort of articulate what

is the longer term vision of what we
want to build and what I view, kind of

my impact story, but not just impact in
the social way, but sort of our growth

I think as a seed fund, we
oftentimes get founders who are,

Here's how we're going to scale
it and kind of mapping out.

We want to hear what you're building
for and why you're building it.

And so I think oftentimes I also
find founders who over index

We want to see your
financial projections.

We want to go through diligence, but
we also want to know who you are.

So it's a challenging time in which to
get to know investors more informally.

You don't have the ability to kind
of sit around a table like we are

But I do think it's oftentimes how
do you find those opportunities?

Not just for investors to get to
know you and your team's vision

better, but also for you to do your
diligence on me and make sure I'm

going to be the right partner for
you for the next 10 plus years.

First of all, I would say it's
a tremendous time to be an

So keep doing what you're doing
and keep building and keep

I think it's a game where you
have to have conversations with

lots of people and each of those
conversations makes you better.

We'd like to think that through our
conversation with entrepreneurs,

we might give them ideas to whether
or not we end up working together.

They could take and help build
the business into something

just slightly incrementally
better than what it was before.

And so don't just pitch what's
in front of you, be open and

Be open to where you might
be able to take the business.

Best Practice

More capital and financial leverage will almost certainly be required, regardless of how good your product or business idea is. Even the well-funded and successful enterprises have been raising more money more than ever before.
Amee Parbhoo, Managing Director of Accion Venture Lab, discusses the typical difficulties that Fintech start-ups face when seeking funding.

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Amee Parbhoo

Managing Director 

You may have a fair idea of what kind of funding you should seek based on the stage of your business. Many other successful start-ups, however, are looking for investors as well. 
Parbhoo breaks down what makes a start-up valuable enough to invest in and distinguishes it from its competitors.


Start-up pitfalls when pitching to investors

You need to know what you want precisely before approaching potential startup investors. And be ready to keep going even if you get a lot of rejections.
From an investor point of view, Parbhoo underlines how important to keep knocking on every door without frustration is. And she suggests using investor feedback to enhance your ideas.