For new healthcare startups, raising capital is a critical step.
At a Nashville panel hosted by Waller Lansden Dortch & Davis, IT investment experts shared the following tips for healthcare technology startups to boost fundraising efforts, according to the Nashville Business Journal.
- Be personally introduced to venture firms instead of sending out email blasts.
- Have all financial and legal obligations sorted out before reaching out to potential investors.
- Determine your clear vie of the market and what part of the market you want to capture.
- Know what intellectual property you do and don't control.
- Be judicious about ownership shares, and keep capitalization sheets clean.
- Share with investors where you envision the company going, but also know that the path may change.
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