7 tips for raising investor funding, from entrepreneurs who did it

How to raise money from investors, from 10 entrepreneurs who did it
How to raise money from investors, from 10 entrepreneurs who did it

Raising funds from investors can be the most challenging part of any entrepreneur's job.

The dollar figure of investments by VC's globally declined 23 percent in 2016, compared to 2015, according to a report put out by MoneyTree Report with PricewaterhouseCoopers LLP and CB Insights. Trying to stand out can be hard when the stakes are high.

So, how can you ensure you're doing the right things to secure the lifeblood of your venture?

CNBC asked 10 entrepreneurs, who've raised funding for their startup, just how they did it.

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1. Don't be desperate.

"The best way to raise money is when you don't need money," said Olivier Gerhardt, co-founder of Wavecell, a could communications platform, said. "You shouldn't be desperate. The key is that you have a vision, the right team, right product and a customer base."

2. Have a really good story to tell.

"A good story is more important than numbers or anything else," said Mada Seghete, co-founder of Branch, a mobile solutions platform in Silicon Valley, said. "Being able to inspire them and having a huge vision for the future and a story of how your company will grow and take on a specific market."

"Get them to actually believe in your vision," Seghete said. "Tell them the story of how you're going to get there and actually convince them that you're the only person that can execute on that vision."

3. Prove you've got the customer base and potential revenue.

"You need to provide the track of new customers and revenue," Sergey Vozchikov, director of Copernicus Gold Singapore, a blockchain platform that allows users to buy and sell gold. "You need to provide proof of concept -- maybe three or six months, whatever it is."

4. Investors believe in numbers, make sure you're showing them.

While Seghete thinks telling a story is more important than hard data, CC Chang disagrees.

"They only believe in numbers, otherwise you will find Angels, who believe in a dream. But investors, they believe in numbers." CC Chang, FunNow, a leisure and entertainment app, said.

5. Seek advisors, not just investors.

"You want someone that shares the same vision as you and is just as excited as your product or company, as you are," Hanieh Sigari, an executive consultant at Simple Global, a logistics and fulfillment start-up, said.

"Find somebody who's down it before," Meghan Jarvis, Buzvil, a fitness app in Australia, said.

"Don't chase the dollar, chase the person who actually brings value," said Tamim Batcha, head of Community at CampFire, a co-working space in Hong Kong. "It's not a monetary value. It's a value that is intangible to your business and if they see that in your business, the money will follow."

"I need strategic people to help bring the company forward, faster," said Audrey Uy, ServeHappy.ph, an online job marketplace for the Philippines.

6. Prove how you're solving a problem.

You need to add value and make sure you product is something that the market actually needs. "If you're solving a problem for anyone at all, for a big market at all. then an investor is just around the corner." said Dominick Danao, Magpie.IM, which allows companies in Southeast Asia to accept mobile payments.

7. Be authentic and just be yourself.

"On the occasion we got the money, we really didn't expect that he was an investor and that he was about to invest with us," Francesco Dolce, co-founder of Woodie Milano, a design products firm, said. "We just explained our idea and our project, being ourself, making jokes and having fun.

And if being yourself isn't attracting any investors?

"You're not doing a good job and you don't have the right product," Sigari, of Simple Global, said.