The Asian market is hot to raise money, and many founders have illusions getting investment fast and easy. High expectations about success can give you a lot of pain.
If you didn't know how to raise money in Asia the right way, then you are in trouble.
We do not take any responsibility for successful collecting of money for your project. We help you to get the maximum opportunity to be presented to the largest number of investors. Your task is to convince the investors that you are the unique product that should receive money.
The success of collecting money for your project will depend solely on you and on how many mistakes you will prevent. Here are the most critical mistakes that can not be made. Collecting money for your project depends on whether you make these mistakes or not.
If any company give you warranties about fundraise better stay away.
▶ 1. Fundraising its an expensive journey. We charge high fees and also your travel budget should be sufficient to at least a week's stay at Hong Kong and Shenzhen prices for each person.
▶ 2. There must be absolutely all marketing materials according to the Instruction we sent you. In addition, you must have a working MVP, teaser, and be ready to answer the most subtle points and tricky questions that can be asked about your product.
▶ 3.The ability to explain the technical side of your project in English without errors.
▶ 4. You should understand that you will not receive money (as an investment in your project) right on the event that we hold. In order to get money, if you are noticed, it is necessary to spend a lot of time and energy after the event, in private meetings and closed pitches.
▶ 5. You should know all your competitors and understand your uniqueness in the market. Without knowledge of the competitive environment and without understanding the uniqueness (competitive advantage), you can not convince investors of anything. It requires an in-depth analysis (homework) of competitors both in your country and abroad.
▶ 6. You need to know where you will spend each cent of the money involved. If you do not have a clear distribution and a project roadmap with a detailed description of where and when the attracted money will be spent, you will not be able to convince the investor that he needs to invest in your project.
▶ 7. Your project should be adapted to the market where you plan to collect investments. Cross-cultural communication is an essential skill in today's reality of crypto business.
▶ 8. The team should have credibility in the eyes of investors. It often happens that the investor likes the project and is ready to invest in it, but the absence of a close-knitted team and the lack of the background from the team (did not have co-project earlier) makes investing in the project impossible.
▶ 9. Inability to explain the future project on specific numbers, inability to make a clear and well-designed offering.
▶ 10. Lack of community in the project. A big problem for all projects is the lack of a project community in the country where you plan to raise funds and in the country where you plan to operate the business after the end of fees.
▶ 11. If you do ICO just to make ICO (to collect money) then you should at least not show it to investors. Investors very clearly distinguish who collects money to build a business, and who do it just to do.
▶ 12. You need to be confident in your project, and this confidence needs to be felt by the investors. Moreover, you should be ready to redesign your project on demand at any time, of course, unless it does not harm your project. However, the overestimation of the uniqueness of your project and disability to hear constructive comments from potential investors will it harms your project.
▶ 13. Translation of project documentation into another language (Chinese, Korean, Japanese) is not a translation of the idea of the project, the project's credibility and local adaptation of the project. Investors in the country where you are fundraising are not required and will not accept you without understanding the local market in the local crypto industry.