Entrepreneur Academy/Fundraising & Finance Pro/Module 98 / 9Test Your KnowledgeTest your understanding of fundraising conceptsQuiz questionQuiz · select one answerWhat is the minimum recommended runway to have before starting your fundraising process?1 month3 months6 months12 monthsCheck answerQuiz questionQuiz · select one answerWhich of the following is NOT recommended for cold outreach to investors?Following up with humor to stand outSending a comprehensive 20-page deckSending a short, punchy introductionPersonalizing based on their investment thesisCheck answerQuiz questionQuiz · select one answerHow should you think about fundraising timing in relation to your company's formation?Wait until you need money to start talking to investorsFocus exclusively on revenue before considering investmentOnly approach investors after achieving product-market fitFundraising starts the day you start your businessCheck answerQuiz questionQuiz · select one answerWhat percentage of your company should you typically expect to sell in a seed round?It depends1-5%50% or more25-40%Check answerQuiz questionQuiz · select one answerWhich of the following should be included in a monthly investor update?Metrics, recent wins/challenges, and specific asksTechnical details about your product implementationOnly positive news to maintain investor confidenceComplaints about difficulties in the marketCheck answer PreviousFlashcardsNext Prepare for your Mock Pitch
