際際滷

際際滷Share a Scribd company logo
Fundraising in Pakistan
Muhammad Nasrullah
Founder and BDFL at Pring
Twitter & Pring: @nash
Facebook fb.com/nasrullah
Talking About Local Fundraising
 Raised in excess of $2M to date
 Summary of my experience
Caution
 Fundraising sucks
 Its a necessary evil in most cases
 Best advice to you: Avoid Fund Raising (if you
can)
The Early Days of Entrepreneurship
 Think US in the 50s or 60s
Capital is Expensive in Pakistan
 Less equity for more money
Before you start fundraising
 Use money from family, friends and fools
 Bulid a working prototype
 Get user traction and demand
 Once you have the traction figured out,
fundraise for scale
The ultimate goal of a startup?
 To become a profitable business with a
repeatable, scalable business model
Think Revenues
 People, Products and Profits
 If you plan on staying in Pakistan, reach
breakeven as soon as possible
Why Breakeven?
 If youre working on funding, there is always
an end-date to that funding
 Once it ends youll have to raise more again.
Youll be at the mercy of investors and worse,
you will be desperate
 If you are breaking even or profitable you can
fundraise at your time at your benefit
Who do you fundraise from?
 Look at successful people in your field
 Self-made entrepreneurs will understand your
pain the most and will empathize with you the
most
Look for SmartMoney
 Dumb money: is just money
 Better: money from someone who can be a
great mentor
 Even better: someone who has the
connections to make your startup successful
 Even better-er: Connections, know-how, self-
made entrepreneur, well respected in the
market and has money
Actually: Avoid Dumb Money. Keep as
Last Resort
 Do you really want to owe the seth 5+ million
rupees?
Go breadth-first rather than depth first
 Ie: talk to everyone at the same time
 Do not do approach one-by-one, you will
never build up momentum
 The best way to speed any negotiation is to
introduce competition
 Its fine to be talking to upto 30 parties. I did
40 at one time.
Fundraising dirty little secret: Its
heard mentality
 The toughest part is getting the first yes
 Once you have one popular person saying yes,
the other investors will be keen and more
interested
 This works well if the first funder is well-
known
 No, not a verbal yes, a check is great
How Much?
 Capital in Pakistan is expensive
 After the FFF round, the next is a larger round but
you will probably will have to raise more money
later.
 But do not give away more than 50%, do not lose
control.
 Corollary: avoid investors who ask for too much
equity and control. Its a huge warning sign.
 Whats your exit strategy? How many rounds of
funding will it take to get there? Keep atleast
>20% when you reach there
How?
 Get a good intro before meeting the investor
 Go in for an informal talk and leave with a
one-pager executive summary
 Some investors will require a slide deck, keep
it handy
What should I talk about?
 Elevator Pitch
 The Problem
 Solution (Demo)
 Business Model and Market Size
 Secret Sauce (aka competitive advantage)
 Competition, marketing
 Team
 Deal Terms (Money, equity etc)
Great Deck Samples & Guides
 Sequoia:
http://www.sequoiacap.com/grove/posts/6bz
x/writing-a-business-plan
 Dave McClure:
http://www.slideshare.net/slidesthatrock/ho
w-to-pitch-a-vc-redesigned
 Pitch decks of popular companies:
http://PitchEnvy.com
Parting Thoughts
 The number one job of the entrepreneur is
problem solving
 Fundraising is a problem and a unique one in
Pakistan
 Your companys success relies upon you hacking
fundraising
 You will get constantly rejected. Dont take it
personally. Build emotional resilience.
 Very few say no, most give the long silence
Good Luck!
Questions?
Ad

Recommended

Fundraising
Fundraising
M. Nash
From an idea to a startup to a business
From an idea to a startup to a business
M. Nash
Exit options for Startups
Exit options for Startups
Dr Aniruddha Malpani
From IVF specialist to Angel Investor
From IVF specialist to Angel Investor
Dr Aniruddha Malpani
Starting Your Business
Starting Your Business
Arnab Ray
How to close an angel round
How to close an angel round
Venture Hacks
Imperial College - Early Stage Investment
Imperial College - Early Stage Investment
Matthew Stafford
How to finance your startup
How to finance your startup
Sasha Alexandra Sternik
Business Angels Finland presentation
Business Angels Finland presentation
Gorilla Ventures Oy
Tumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig Kayserian
haigkayserian
Oak fi-31.03.2016 - fundraising
Oak fi-31.03.2016 - fundraising
Mika Marjalaakso
Ken van Eesbeek: Scaling up - Going Global - TSD17
Ken van Eesbeek: Scaling up - Going Global - TSD17
StartUps.be
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
European Innovation Academy
Funding Your Startup
Funding Your Startup
Extentia Information Technology
John Wiles - SCORE
John Wiles - SCORE
Small Business Development Center - Tucson
How To Raise Your First Round of Capital
How To Raise Your First Round of Capital
Jeffrey Bussgang
Lessons from a successful but unscalable startup
Lessons from a successful but unscalable startup
Frans Nauta
Fgvn 3 31-2016 search for pmf
Fgvn 3 31-2016 search for pmf
Jeffrey Bussgang
Graeme Read - 3R Resourcing
Graeme Read - 3R Resourcing
TALiNT Partners
Demoday 2014 prep
Demoday 2014 prep
sahlinas
Vision and Ideas - Creating a Startup
Vision and Ideas - Creating a Startup
The Founder Institute
Converting ideas into businesses
Converting ideas into businesses
Prajakt Raut
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
John Landry
Consumer Unicorns: The Art of Building Billion Dollar Startups
Consumer Unicorns: The Art of Building Billion Dollar Startups
Stanford Venture Studio
Scoring angel investment for startups in New Zealand
Scoring angel investment for startups in New Zealand
nzangels
Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)
Mufaddal Zakir
How do we mentor
How do we mentor
Girija Nair
Diversify Your Risk & Income with a Portfolio Career
Diversify Your Risk & Income with a Portfolio Career
Laura Schlafly
LetsVenture Open House
LetsVenture Open House
Sanjay Jha
Seed Funding 101
Seed Funding 101
Atit Danak

More Related Content

What's hot (20)

Business Angels Finland presentation
Business Angels Finland presentation
Gorilla Ventures Oy
Tumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig Kayserian
haigkayserian
Oak fi-31.03.2016 - fundraising
Oak fi-31.03.2016 - fundraising
Mika Marjalaakso
Ken van Eesbeek: Scaling up - Going Global - TSD17
Ken van Eesbeek: Scaling up - Going Global - TSD17
StartUps.be
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
European Innovation Academy
Funding Your Startup
Funding Your Startup
Extentia Information Technology
John Wiles - SCORE
John Wiles - SCORE
Small Business Development Center - Tucson
How To Raise Your First Round of Capital
How To Raise Your First Round of Capital
Jeffrey Bussgang
Lessons from a successful but unscalable startup
Lessons from a successful but unscalable startup
Frans Nauta
Fgvn 3 31-2016 search for pmf
Fgvn 3 31-2016 search for pmf
Jeffrey Bussgang
Graeme Read - 3R Resourcing
Graeme Read - 3R Resourcing
TALiNT Partners
Demoday 2014 prep
Demoday 2014 prep
sahlinas
Vision and Ideas - Creating a Startup
Vision and Ideas - Creating a Startup
The Founder Institute
Converting ideas into businesses
Converting ideas into businesses
Prajakt Raut
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
John Landry
Consumer Unicorns: The Art of Building Billion Dollar Startups
Consumer Unicorns: The Art of Building Billion Dollar Startups
Stanford Venture Studio
Scoring angel investment for startups in New Zealand
Scoring angel investment for startups in New Zealand
nzangels
Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)
Mufaddal Zakir
How do we mentor
How do we mentor
Girija Nair
Diversify Your Risk & Income with a Portfolio Career
Diversify Your Risk & Income with a Portfolio Career
Laura Schlafly
Business Angels Finland presentation
Business Angels Finland presentation
Gorilla Ventures Oy
Tumo - From Startup to Business by Haig Kayserian
Tumo - From Startup to Business by Haig Kayserian
haigkayserian
Oak fi-31.03.2016 - fundraising
Oak fi-31.03.2016 - fundraising
Mika Marjalaakso
Ken van Eesbeek: Scaling up - Going Global - TSD17
Ken van Eesbeek: Scaling up - Going Global - TSD17
StartUps.be
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
AIA2018 - Tiffine Wang & Rick Rasmussen - Founding A Winning Team
European Innovation Academy
How To Raise Your First Round of Capital
How To Raise Your First Round of Capital
Jeffrey Bussgang
Lessons from a successful but unscalable startup
Lessons from a successful but unscalable startup
Frans Nauta
Fgvn 3 31-2016 search for pmf
Fgvn 3 31-2016 search for pmf
Jeffrey Bussgang
Graeme Read - 3R Resourcing
Graeme Read - 3R Resourcing
TALiNT Partners
Demoday 2014 prep
Demoday 2014 prep
sahlinas
Vision and Ideas - Creating a Startup
Vision and Ideas - Creating a Startup
The Founder Institute
Converting ideas into businesses
Converting ideas into businesses
Prajakt Raut
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
Show Me The Money - The Ying and Yang of Entrepreneurial Finance
John Landry
Consumer Unicorns: The Art of Building Billion Dollar Startups
Consumer Unicorns: The Art of Building Billion Dollar Startups
Stanford Venture Studio
Scoring angel investment for startups in New Zealand
Scoring angel investment for startups in New Zealand
nzangels
Enterpreneur (paying attention to the details)
Enterpreneur (paying attention to the details)
Mufaddal Zakir
How do we mentor
How do we mentor
Girija Nair
Diversify Your Risk & Income with a Portfolio Career
Diversify Your Risk & Income with a Portfolio Career
Laura Schlafly

Similar to Fundraising in Pakistan: A how-to (20)

LetsVenture Open House
LetsVenture Open House
Sanjay Jha
Seed Funding 101
Seed Funding 101
Atit Danak
Seed Funding
Seed Funding
adanak
PITCH Perfect: How to pitch your startup
PITCH Perfect: How to pitch your startup
women20
Attracting your First Investment - A Singapore Primer
Attracting your First Investment - A Singapore Primer
Justin Cornelius Hall
what_is_your_ent_profile_14apr07
what_is_your_ent_profile_14apr07
Lisa Gerr
Raising Your First Round: Finding the Right Investors & Preparing for the Pitch
Raising Your First Round: Finding the Right Investors & Preparing for the Pitch
Greg Barnes
Early stage funding
Early stage funding
Ken Berkun
So you want to raise capital
So you want to raise capital
Kyle Benson
Funding Strategies to Go the Distance
Funding Strategies to Go the Distance
Michael Skok
How to raise funds on EastFounder
How to raise funds on EastFounder
Frederick H Saurat
Early-stage Fundraising 101 & How Not to Screw it Up - a VC perspective
Early-stage Fundraising 101 & How Not to Screw it Up - a VC perspective
ZOLLHOF - Tech Incubator
Preparing a Pitch to Professional Investors
Preparing a Pitch to Professional Investors
Conor Neill
Philip Stehlik at TechTalks.ph - Fundraising in Silicon Valley
Philip Stehlik at TechTalks.ph - Fundraising in Silicon Valley
Philip Stehlik
The Fastest Way To Get A Business Started With Other People's Money!
The Fastest Way To Get A Business Started With Other People's Money!
Uzzal Hossain
Understand All of Your Funding Options
Understand All of Your Funding Options
The Capital Network
Venture Fast Track - Funding Strategies
Venture Fast Track - Funding Strategies
The Capital Network
Women Helping Women in Entrepreneurship at MassChallenge
Women Helping Women in Entrepreneurship at MassChallenge
The Capital Network
Financing your business
Financing your business
Michael Bowers
Bankrolling bigidea
Bankrolling bigidea
ATLMusicandStartUp
LetsVenture Open House
LetsVenture Open House
Sanjay Jha
Seed Funding 101
Seed Funding 101
Atit Danak
Seed Funding
Seed Funding
adanak
PITCH Perfect: How to pitch your startup
PITCH Perfect: How to pitch your startup
women20
Attracting your First Investment - A Singapore Primer
Attracting your First Investment - A Singapore Primer
Justin Cornelius Hall
what_is_your_ent_profile_14apr07
what_is_your_ent_profile_14apr07
Lisa Gerr
Raising Your First Round: Finding the Right Investors & Preparing for the Pitch
Raising Your First Round: Finding the Right Investors & Preparing for the Pitch
Greg Barnes
Early stage funding
Early stage funding
Ken Berkun
So you want to raise capital
So you want to raise capital
Kyle Benson
Funding Strategies to Go the Distance
Funding Strategies to Go the Distance
Michael Skok
How to raise funds on EastFounder
How to raise funds on EastFounder
Frederick H Saurat
Early-stage Fundraising 101 & How Not to Screw it Up - a VC perspective
Early-stage Fundraising 101 & How Not to Screw it Up - a VC perspective
ZOLLHOF - Tech Incubator
Preparing a Pitch to Professional Investors
Preparing a Pitch to Professional Investors
Conor Neill
Philip Stehlik at TechTalks.ph - Fundraising in Silicon Valley
Philip Stehlik at TechTalks.ph - Fundraising in Silicon Valley
Philip Stehlik
The Fastest Way To Get A Business Started With Other People's Money!
The Fastest Way To Get A Business Started With Other People's Money!
Uzzal Hossain
Understand All of Your Funding Options
Understand All of Your Funding Options
The Capital Network
Venture Fast Track - Funding Strategies
Venture Fast Track - Funding Strategies
The Capital Network
Women Helping Women in Entrepreneurship at MassChallenge
Women Helping Women in Entrepreneurship at MassChallenge
The Capital Network
Financing your business
Financing your business
Michael Bowers
Ad

Recently uploaded (8)

Where to Safely Buy a Verified Cash App Account Online in 2025
Where to Safely Buy a Verified Cash App Account Online in 2025
SEOVCC
Chapter 1.pptx: Urban economics analysis
Chapter 1.pptx: Urban economics analysis
Atoshe Elmi
Building Financial Resilience_ Why Its More Important Than Ever
Building Financial Resilience_ Why Its More Important Than Ever
Matt Dixon
The Ultimate Guide to Local SEO Automation.pdf
The Ultimate Guide to Local SEO Automation.pdf
KHM Anwar
Cut Incident Diagnosis Time by 60% With One Cloudshot Upgrade.pdf
Cut Incident Diagnosis Time by 60% With One Cloudshot Upgrade.pdf
Sudeep Khire
Local SEO Guide 2025-12 Strategies Explained.pdf
Local SEO Guide 2025-12 Strategies Explained.pdf
KHM Anwar
Expert Industrial Machine Repair CNC Servicing Preventative Maintenance.pptx
Expert Industrial Machine Repair CNC Servicing Preventative Maintenance.pptx
Machine Ethics
Kitchen Renovation: Creating Your Dream Cooking Space
Kitchen Renovation: Creating Your Dream Cooking Space
yagnapathi049
Where to Safely Buy a Verified Cash App Account Online in 2025
Where to Safely Buy a Verified Cash App Account Online in 2025
SEOVCC
Chapter 1.pptx: Urban economics analysis
Chapter 1.pptx: Urban economics analysis
Atoshe Elmi
Building Financial Resilience_ Why Its More Important Than Ever
Building Financial Resilience_ Why Its More Important Than Ever
Matt Dixon
The Ultimate Guide to Local SEO Automation.pdf
The Ultimate Guide to Local SEO Automation.pdf
KHM Anwar
Cut Incident Diagnosis Time by 60% With One Cloudshot Upgrade.pdf
Cut Incident Diagnosis Time by 60% With One Cloudshot Upgrade.pdf
Sudeep Khire
Local SEO Guide 2025-12 Strategies Explained.pdf
Local SEO Guide 2025-12 Strategies Explained.pdf
KHM Anwar
Expert Industrial Machine Repair CNC Servicing Preventative Maintenance.pptx
Expert Industrial Machine Repair CNC Servicing Preventative Maintenance.pptx
Machine Ethics
Kitchen Renovation: Creating Your Dream Cooking Space
Kitchen Renovation: Creating Your Dream Cooking Space
yagnapathi049
Ad

Fundraising in Pakistan: A how-to

  • 1. Fundraising in Pakistan Muhammad Nasrullah Founder and BDFL at Pring Twitter & Pring: @nash Facebook fb.com/nasrullah
  • 2. Talking About Local Fundraising Raised in excess of $2M to date Summary of my experience
  • 3. Caution Fundraising sucks Its a necessary evil in most cases Best advice to you: Avoid Fund Raising (if you can)
  • 4. The Early Days of Entrepreneurship Think US in the 50s or 60s
  • 5. Capital is Expensive in Pakistan Less equity for more money
  • 6. Before you start fundraising Use money from family, friends and fools Bulid a working prototype Get user traction and demand Once you have the traction figured out, fundraise for scale
  • 7. The ultimate goal of a startup? To become a profitable business with a repeatable, scalable business model
  • 8. Think Revenues People, Products and Profits If you plan on staying in Pakistan, reach breakeven as soon as possible
  • 9. Why Breakeven? If youre working on funding, there is always an end-date to that funding Once it ends youll have to raise more again. Youll be at the mercy of investors and worse, you will be desperate If you are breaking even or profitable you can fundraise at your time at your benefit
  • 10. Who do you fundraise from? Look at successful people in your field Self-made entrepreneurs will understand your pain the most and will empathize with you the most
  • 11. Look for SmartMoney Dumb money: is just money Better: money from someone who can be a great mentor Even better: someone who has the connections to make your startup successful Even better-er: Connections, know-how, self- made entrepreneur, well respected in the market and has money
  • 12. Actually: Avoid Dumb Money. Keep as Last Resort Do you really want to owe the seth 5+ million rupees?
  • 13. Go breadth-first rather than depth first Ie: talk to everyone at the same time Do not do approach one-by-one, you will never build up momentum The best way to speed any negotiation is to introduce competition Its fine to be talking to upto 30 parties. I did 40 at one time.
  • 14. Fundraising dirty little secret: Its heard mentality The toughest part is getting the first yes Once you have one popular person saying yes, the other investors will be keen and more interested This works well if the first funder is well- known No, not a verbal yes, a check is great
  • 15. How Much? Capital in Pakistan is expensive After the FFF round, the next is a larger round but you will probably will have to raise more money later. But do not give away more than 50%, do not lose control. Corollary: avoid investors who ask for too much equity and control. Its a huge warning sign. Whats your exit strategy? How many rounds of funding will it take to get there? Keep atleast >20% when you reach there
  • 16. How? Get a good intro before meeting the investor Go in for an informal talk and leave with a one-pager executive summary Some investors will require a slide deck, keep it handy
  • 17. What should I talk about? Elevator Pitch The Problem Solution (Demo) Business Model and Market Size Secret Sauce (aka competitive advantage) Competition, marketing Team Deal Terms (Money, equity etc)
  • 18. Great Deck Samples & Guides Sequoia: http://www.sequoiacap.com/grove/posts/6bz x/writing-a-business-plan Dave McClure: http://www.slideshare.net/slidesthatrock/ho w-to-pitch-a-vc-redesigned Pitch decks of popular companies: http://PitchEnvy.com
  • 19. Parting Thoughts The number one job of the entrepreneur is problem solving Fundraising is a problem and a unique one in Pakistan Your companys success relies upon you hacking fundraising You will get constantly rejected. Dont take it personally. Build emotional resilience. Very few say no, most give the long silence