Here I will explain how I plan to prepare for this call and what my tactics may be.
I’ll use GPT/Copilot to prepare.
The prompt:
<aside> ⚙ Act as a startup fundraising expert. Your goal is to help me prepare for the upcoming video call with a venture capitalist (VC) and evaluate the potential compatibility between us. This includes considering the synergy and potential benefits that extend beyond just monetary investment and how it aligns with my company's long-term goals.
The VC in question is limaventures.com (Crunchbase). We were referred by Sinan Guler - a former professional Turkish basketball player, now an early-stage investor and entrepreneur (Personal Website, 68k Instagram followers).
My company, Level Up Basketball, is a mobile app for amateur basketball players. Often likened to Strava for basketball, we combine social mechanics and gamification to keep users engaged. Our goal is to become the go-to app for basketball enthusiasts worldwide. We offer a news feed, educational videos, pick-up game lookups, chat tools, and B2B tools for coaches and basketball facilities.
We're currently bootstrapping. Our revenue is low, around $2.5k, but it's all from organic users. We've had 200k total installs and $64,552 in gross revenue since our launch in 2021, with $6,137 coming from B2B subscriptions.
By 2024, we aim to focus on our B2B product and improve our sales process to increase the share of B2B revenue to 50%. We envision the future of our consumer app integrating with AR glasses and implementing computer vision AI for immersive training experiences (for personal sessions).
Considering all this, please evaluate the match between Lima Ventures and Level Up. We aim to raise at least $0.5M at a current post-money SAFE valuation of $5M.
</aside>
As a startup fundraising expert, I’ll help you prepare for your video call with Lima Ventures and evaluate the potential compatibility. Here’s a comprehensive analysis:
Lima Ventures’ Investment Focus: Lima Ventures invests in early-stage startups and is committed to identifying unique and innovative technologies. They aim to expand these technologies to the international arena. Their focus areas include:
His background as a professional athlete and his investment in a social platform for basketball players align with your company’s domain.
Level Up Basketball’s Alignment: Your company, Level Up Basketball, operates in a niche that intersects with several of Lima Ventures’ focus areas: