search cancel

Tracky Chief Evangelist Sarah Evans On How To Raise Funding In A Competitive Market

Startups entering a crowded, competitive market may feel like it’s impossible to nail down funding. It’s true that investors are a bit weary when it comes to funding projects that already have tough competition.

 

 

But it can happen. Just ask Sarah Evans, PR pro and Chief Evangelist for the networking platform Tracky. It’s been compared to Basecamp, Dropbox and Wunderlist; all pretty stiff competition. But Sarah says Tracky is an easier way to make more meaningful connections.

 

And, other people seem to agree—the team has raised $1.5 million in funding– including Las Vegas tech veteran Rob Roy, founder of Switch— despite fierce competition and established industry tools.

 

She offers up her insights on how other startups can secure their own funding in a crowded space.

 

Find an equally enthused investor

It’s essential, according to Sarah, to find an initial investor who is just as passionate about your startup as you are. They need to really share the enthusiasm for your product and support your business goals as well. She also suggests finding a local investor that is not only passionate but could be working on something that would benefit from your product/service.

Your investor should feel like your partner

Sarah stresses that your initial investors are your first rockstar advocates; the investment should not only be about money, it should be about a partnership. The best way to do this, she says, is by treating the investor like a partner.

 

Leverage the investor’s local community

Once you have a passionate, investment partner, you also have their endorsement and their influence. Use this by building awareness in the investor’s local community where they are known and respected. This way you can build a successful case study for other potential investors.

 

 

Local angels are our funding friends

Sarah believes that once you’ve achieved a bit of traction, startups should turn to local angel investors for their next round of funding. She stresses that most investments are made through relationships, which makes local investors within your network a much better option than trying to seek investment outside your circle.

 

Once you have completed successful seed and angel funding…

Sarah says that’s the time to expand your financial bounds and look outside your network for funding.

 

 

With $1.5 million of funding in tow, Tracky hopes to navigate the social network competitive landscape offering four core components to the experience:

 

  1.  Do. And Be YouTracky is all about getting things done. Every day and every night. Meet doers. Learn from each other. And use the digital tools you love to accomplish your real-life tasks and goals.
  2. Celebrate (my fave component)- When we collaborate like pros, it’s only a matter of time before we start partying really hard. Because with Tracky, we can accomplish pretty much anything. And when we do, we hit the dance floors. And then we get right back to work.
  3. SocializeApproach doing collaboratively. Get help from other creative and knowledgeable folks anywhere in the world, and utilize crowd-sourced feedback to improve your plans and projects.
  4. Deliver GeniusFeel the superhuman power of social productivity, and go ahead. Thank your collaborators for helping you complete your goals at warp speed. 

 

Start making easy, meaningful connections with Tracky and get yourself to the club to celebrate your social doer awesomeness.

 

Photo credits

Tracky.com

Author : Holly Hutton

Born in the Big Easy and raised in the Sunshine State, Holly has spent the last five years brunching in the Big Apple and bantering with Big Ben. As a wandering writer, techy-in-training, and avid alliterator, Holly has written everything from educational policy and political news briefs to web content and travel blogs. She is thrilled to be a part of the KS team and working with a community of smart, savvy, entrepreneurs on all things startup!

Share This Post On