During this pandemic time, many of my friends who were from the startup community were so doubtful about getting fundings and approaching the right investor. I am writing this article to those who are looking for their first check.
We at finline helps entrepreneurs and professionals to create financial documents for getting bank loans and funding. Any non-financial entrepreneur can simply create the business plan or financial plan using our easy-to-do online tool and the software will analyze the report automatically and provide suggestions based on the outcome. No expertise in finance or accounts needs to operate Finline. Finline helped hundreds of entrepreneurs to create beautiful financial reports and thus by getting bank loans easily.
How did we meet?
We got introduced to 100x through KSUM (Kerala Startup Mission). We were so attracted by their approach for enabling young entrepreneurs to bypass the prolonged documentation and tedious paperwork so that they can cut to the chase with their business is truly a boon. We thought it a great opportunity for early-stage start-ups across all industries looking for their first round of funding. We made our pitch ( a very complex presentation with a lot of unwanted areas – when we look back on that). They listened to us carefully and corrected our mistakes over the pitch and makes us more confident during the session. Their approach wee truly professional and they do respect each other’s time. After a couple of discussions, we were selected to the first cohort of 100x.
Begining of transformation
When we went to Mumbai for the first Cohort, and we thought the 14 days are for agreement signing and the final pitch day. But things were so different. We met the best 20 startups handpicked by 100x and the experience, approach of each one were truly amazing. We did a lot of mistakes during our journey and learning is truly an expensive one if you learn from your mistakes. The first session was with Mr. Sanjay Mehta a truly smart investor. Sanjay knows what exactly is needed for each startup and also the potential of each one. He is such an experienced investor who knows what are the common mistakes for an early-stage startup and our sessions were planned to overcome such details.
We got a tremendous opportunity to met many veterans in the industry through 100x. Specifically when comes to fintech we got advice from the top executives from banks and many CFOs. Those who shared their experience and advice even to date made us a lot to overcome the COVID crisis effectively.
We got the right guidance and multiple opportunities to meet VCs and investors across the table and through online .100x seasoned our pitching and approaches towards investors. Stood with us on the COVID time and advised us of the strategies to be used to make the crisis an opportunity. Now we realized the importance of selecting the first investor. You should be very cautious about that as the early stage in your first stepping stone towards the big leap and we are sure we are with the right investment team – 100x
The most beautiful part of the journey is the community that we build with the other cofounders. It is like a family -an extended team on a phone call away. Most of them were experts in their respective fields. Missing those beautiful days we spend together from early morning to late nights on discussions, debates, and parties.