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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Fundraise Closing Rate
Description: Fundraise Closing Rate Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In sales, the average close rate of prospects is 5% to 10%. This often seems low to first-time salespeople who view their product as superior to the competition. There are many reasons why customers don’t buy the product. These include the lack of budget, inability to make a decision, and other priorities taking precedence. In fundraising, the close rate with investors is similar at 5% to 10%. The startup founder must talk to a hundred investors to close investments from 5% to...