Raise Your First Million - Ali Parandeh and Lily Patrascu

Raise Your First Million - Ali Parandeh and Lily Patrascu Ali Parandeh, a Board Advisor For Startups, emphasizes that when pitching to investors, it's crucial to present basic, clear numbers, like how you plan to acquire your first 10 to 100 clients and provide the scope of the market. He advises entrepreneurs to keep things simple, for example, explaining that if a mouse is manufactured for one euro and sold for 10 euros, the profit margin is nine euros, and each person will likely purchase multiple mice over their lifetime. Investors will do the math themselves and appreciate clear figures that help them understand the potential scale of the business. Ali also highlights that investors are not looking for all the product details—about 10% of knowledge is sufficient for them. Instead, they are more interested in how and when they will see a return on their investment About The Guest Ali is an entrepreneur at heart. He started programming at the age of 14 and throughout school and university life he dabbled in various ventures, testing different business ideas. At university, he studied Biotechnology and has a postgraduate degree in Genetic Engineering. Over the past 30 years, Ali has continued the same entrepreneurship path and spirit, following his true passion in the world of IT, he has setup, closed, and sold numerous businesses. After selling his last IT Company in 2018, Ali has dedicated a major part of his time to helping other entrepreneurs achieve their dreams. He is currently a Board Advisor at several Startups and a mentor in various incubators and accelerators, he has helped hundreds of entrepreneurs with their startup idea, business strategy, and pitching that have led to the successful closing of numerous fundraising rounds. Ali has won numerous awards for Public Speaking and is a regular keynote speaker at entrepreneurial events, schools, and universities, as well as various local clubs such as Rotary International. Ali has written 5 books in Persian and currently working on his 6th book Passion & Vision: Ingredients for a successful startup. For more info about Ali Parandeh, visit: https://callthedamnleads.com/ Timestamp 0:00 Introduction 0:27 Ali Parandeh's Entrepreneurial Journey 1:07 First Company and Challenges 2:26 Learning from Failure 4:03 Fundraising Insights 5:30 Public Speaking and Communication Skills 6:20 Common Misconceptions in Raising Capital 10:10 Securing First Clients 12:05 Raising Capital Strategies 14:55 Networking with Investors 20:00 Importance of Bootstrapping 32:50 Key Takeaways About The Host Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people. Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: https://linktr.ee/lilypatrascu & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate. If you want to be featured on this podcast, and you're a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast - *********************************************************** Getting featured is free. 🎧 Listening is free. But creating this podcast takes time, energy, and resources. If you’d like to support Lily’s mission to inspire people worldwide, contribute here: https://support.lily.global/e/awakenedtitanspodcast Your support keeps the Awakened Titans Podcast alive and growing. *********************************************************** IMPORTANT: Earnings and Legal Disclaimers We don’t believe in get-rich-quick programs or guarantees of specific outcomes. We believe in hard work, adding value, and serving others, and our programs are designed to help you achieve those goals. As stated by law, we cannot and do not make any guarantees regarding your ability to achieve financial results, earn money, or improve your health using our ideas, information, programs, or strategies. Your success depends on your own efforts, skills, and circumstances, which are beyond our control. We are here to support you by sharing our strategies to help you progress, but nothing on this page, any of our websites, videos, marketing materials, or in our emails constitutes a promise or guarantee of future earnings, financial outcomes, or health improvements. Any financial or health-related examples, estimates, projections, or past results referenced are for illustrative purposes only and reflect the views of the hosts and guests. They should not be considered as exact, actual, or assured results. If you have any questions, please contact us at [email protected]. Awakened Titans Podcast - with Lily Patrascu shares mindblowing conversations with influential business titans so you can manifest abundance, love, joy, success, through exponential business growth, innovative products and services, time/money management, property investment, funding, startups, quantum awakening, quantum manifestation, quantum healing, quantum miracles, motivation, high achiever habits and more!