Fintax91

09/05/2022

Simple yet most difficult thing to do.
I know many who probably have million dollar startup Ideas but they aren't executing the same and they keep on procrastinating till the time someone else comes with something similar idea. Probably later regretting for not working on the same. Let us push the Ideas to ex*****on. Let's identify the problems and find innovative solutions for the same. Let's conquer

11/06/2019

"Great Step by Team India, Great Step towards Transformation, Great Steps towards Transparency, this is GST,” said PM Modi.
Fintax91 presents you with simple steps for GST registration.

08/05/2019

It's not about ideas. It's about executing them. Let's do it together with Fintax91.

22/04/2019

"Convince yourself that your startup is worth investing in, It'll make the investors believe in you", .

19/04/2019

Find what interests you and chase your passion.

12/04/2019

Fintax91 is always at your help. Now also at WeWorks(BKC). We make your life simpler:)

06/04/2019

02/04/2019

Fintax91

11/03/2019

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01/03/2019

Trust Issues: What If Investor Steal My Idea?
Three mantras for sharing information to any investor:
 Share the information in a phased manner
 If the investor agrees to explore, share your pitch deck/ IM with important details
 If you are at the idea stage, share the information with signing a term-sheet (if necessary)

Questions around stealing business ideas and strategies pose trust issues in founders who lack confidence in sharing their idea and believe that the entry barriers are too tiny to protect them.

However, you shouldn’t feel insecure about sharing your ideas with anyone be it a potential partner, customer, mentor, investor, team member and so on and so forth.
For Startups an idea is worth nothing more than a thought in your head. You can’t run away from sharing the essential information with your prospective stakeholders you may, however, share the information in a phased manner with the investors as below.

Phase 1: Breaking the Ice
 Start with sharing a well-drafted email covering things like What, Why, Who and How of your startup idea.
A phase where you ask the investor whether s/he would want to explore it further. You need a lot of patience and occasional follow-ups.

Phase 2: Building Interest
If the investor agrees to explore more details around your startup idea,
 share your pitch deck/ IM with important details
For the early stage folks- since you won’t have much traction/ metrics to show, focus more on the slides covering the below things:
 Your Problem statement and solution,
 competitive landscape,
 monetisation,
 go-to-market strategy,
 founding team and
 ask & use of money.
Important: You don’t have to share your in-depth financial projections or “the secret sauce” until asked for.

Phase 3: Opening It Up
If things seem fine, trust your gut and don’t delay things which break the communication channel. I strongly believe that the angel investors deserve to know your idea and ex*****on strategies in details as they take big bets with their money at a stage when no one else cares whether you’re building the next Google or Apple.

To conclude, the chances are thin that the investors (or anyone for that matter) will go behind your startup idea and have time, passion and energy to execute the way you can. Ideas are immaterial without confidence and persistence for ex*****on.

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