Sponsors typically evaluate several factors before committing to support a startup:
Market Potential: Sponsors want to see that there is a significant market opportunity for your product or service. Conduct market research to demonstrate demand. Scalability: Show that your business model can scale effectively. Sponsors are more likely to invest in businesses that have the potential for high growth. Strong Team: A capable and experienced team can instill confidence in sponsors. Highlight the skills and expertise of your team members. Traction: Evidence of early success, such as customer acquisitions, revenue growth, or partnerships, can be very persuasive. Clear Financial Projections: Provide realistic and clear financial projections to show how the sponsor's investment will be used and the expected return.