Why plugg
0 likes2,726 views
This document discusses the challenges of raising capital for new ideas and getting them to market successfully. There is a high failure rate of ideas not making it to the capital stage or being commercialized. Often, innovators are "unconsciously incompetent" and lack the skills, structure, and team needed to attract investors. Plugg aims to help by providing an ecosystem connecting innovators to advisors, investors, and long-term partners to help ideas succeed and create jobs by addressing problems. Their process helps build strong teams, structures ideas well, and prepares innovators to understand and communicate with investors.
Why plugg
- 2. Raising capital to support an idea (early stage/business redevelopment) can be daunting with many getting lost along the way, burning out and losing their own and investors money.
- 3. There is an astonishing failure rate of ideas getting to capital and successfully becoming commercialized, and although there are dozens of incubators, advisory services, training in entrepreneurship services, and networking events, the industry is still disjointed.
- 4. What happens when good ideas aren’t well prepared Skilled advisers with the willingness to help are under utilised Innovators new value lies idle Investors cant find projects to invest in R&D value lies idle Lost potential to have a positive impact on the future
- 5. Often business people with new ideas don’t realize the need for an investment structure and a strong team around them to encourage investors and to achieve high growth.
- 6. In our experience, Plugg found that creative pioneers are often, "Unconsciously incompetent.” That is, they have the idea but don’t know what they “don’t know” to get their idea to market.
- 7. There is good news, actually great news. There is plenty of support for great ideas that create jobs/solve problems with people willing to help and investors wanting to fund.
- 8. What it takes is the desire to learn new skills and to gain knowledge. And one needs to be conscious of what they do and don’t know…
- 9. ideas and business models are structured well with great teams Creative pioneers understand the needs of the investment community The idea is well supported with good advisors and connections The value of the idea and reward can be communicated to team members and investors To start with there is the knowledge that:
- 10. Here are a couple of options Move slowly ….using the cash flow and learning though failure and mistakes whilst losing market share to someone who gets there faster. Or Thrive by becoming part of the Plugg Ecosystem
- 11. Plugg helps you build teams that impress investors and get support with high level professional advice, experience and connections. Then Plugg supports you lay down the foundations for successful capital raising and commercialisation.
- 12. The Plugg ecosystem contains everyone you need to help turn your idea into reality. Connecting you to potential investment partners and long-term professional partners up until you eventually exit the enterprise.
- 13. “Plugg allowed us to piece everything together to help get our idea past simply being just that - an idea - and get to the point of being investor ready.”
- 14. plugg.com.au