How long are the negotiations with the investor?

Question

Startups

How long is it fashionable to receive investments, starting from the first day of meeting a potential investor? Is it necessary to meet with him in person or can everything be done remotely?

Answer 1

Yes, it is necessary to meet, it can take up to several months.

Answer 2

At least a few months. In fact, you will most likely chat (and meet) with a bunch of investors until you find the right one. Therefore, it is not worth betting only on investors.
Look for money from friends, take a loan, and after providing yourself with money for six months or a year, start looking for investments. Although even this option can hardly be called optimal.
For example, weInitially, they did not plan to take investments at all (they counted only on their own funds) and completely concentrated on the quality of service. But immediately after the launch, offers from business angles and venture funds began to arrive. "Why not," we thought. When it came to negotiations and meetings, it turned out that everything was not so simple. The process is very long and tedious. Therefore, we decided to spend all our efforts on the development of the service, and to solve the issue of investment "by the way." An additional advantage of this situation is that it is not investors who dictate the conditions, because we do not come to them with an outstretched hand.

Answer 3

Depends on the specific investor and his habit of considering projects for investment. It is desirable to meet, because they don’t invest in an idea, but in a team, and getting to know the team can speed up the decision, but otherwise a couple of months, the investor must check all the points legally, consult with his analysts, recalculate your business plan according to a pessimistic scenario, allocate a budget (money is usually in work and in order to give them somewhere, you need to bring them out from somewhere), well, a lot of side effects.

Answer 4

Many of the above answers are correct.
To be honest, it depends on several factors, including:
+ The degree of development of your startup (Idea? Concept? Traction?)
+ Your previous experience in working or developing startups
+ The degree of acquaintance of the investor with you personally
For the first time, it took us 3 months to receive first money. The second time the negotiations went on for six months and did not come anywhere.
The last time the investor credited us with money within 2 weeks. At the same time, we have not met in person, and we know each other through a colleague from a previous project.

Answer 5

Less than 3 months I do not believe. In the standard Term Sheet for verification and legal work, 60 days are laid down. Plus, at least a month to search.

Answer 6

this can take years. A lot depends on your opinion to convince.