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TLDR:
- Entrepreneur Azeem Khan shares key tips for getting funded in the crypto space, drawing from his experience raising $40-50 million for various projects.
- Key themes include understanding venture capitalists’ motivations, crafting a compelling narrative, creating a concise pitch deck, and securing warm introductions to VCs.
Entrepreneur Azeem Khan, who has raised $40-50 million for various projects, shares key insights on how to successfully secure funding in the crypto space. Drawing from his recent experience securing a $20 million seed round for Ethereum layer 2 project, Morph, Khan highlights the following key themes:
- Venture capitalists are essentially money brokers looking to make returns for their limited partners, so entrepreneurs must craft a compelling narrative to secure funding.
- Effective storytelling is crucial in pitching to VCs, with a focus on explaining why your project holds promise and how you plan to succeed in the market.
- To attract VCs, entrepreneurs need to create a concise pitch deck that outlines their idea, market size, target audience, and team qualifications in 10-15 slides.
- Researching VC funds that align with your project’s vertical and securing warm introductions through trusted networks are essential steps in getting in front of potential investors.
- While rejection is common in fundraising, maintaining strong follow-up and relationship-building can lead to future opportunities with VCs.
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