Today we’re talking about wasting demo days. If you’re a little behind on progress, or perhaps your round is already closed, be careful not to waste your demo day. They don’t come along too often, so here are your options:
1. Defer
If your program allows you to defer until a later date, that might be a good option so you can align the timing with your next round of funding.
2. Collect Milestones
At a minimum, you should use the demo day to meet investors for the next round and understand what milestones they’d like to see you hit in order to be excited about investing later.
3. Raise the Price
If you’re generating interest but don’t need the money, raise the valuation to whatever works for you. Don’t worry if some investors say no, as you have the leverage to minimize dilution and set an anchor point for the next round.
Best of luck out there.
Sterling Road invests in idea stage and pre-seed B2B startups based in the US, Canada and UK.
