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August 13, 2021 in Latin America, Abaca, scale, startup

Cutting Through the Noise to Recognize What Your Startup Needs to Scale

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What your startups needs to scale

Cutting through the noise to clearly understand why investors keep saying “no” can be challenging. And let’s be honest, no one enjoys being rejected – especially when you don’t know the real reason.

Not-Yet-ENAs an entrepreneur, you know tech is rapidly changing nearly every sector, but there still isn’t a solution available to read other people’s minds. Even if such a magical solution cropped up (and you were its founder), would you really want to spend any more time wading through someone else’s uncertain thoughts? 

The average entrepreneur needs to have multiple meetings with investors before ever closing a deal. This process is long and often confusing, even for those who already know someone who is well-positioned in the industry, those who come from a privileged background, or live in the United States. 

But if you don’t speak English, didn’t go to University (at least not the right ones) and want to create an impactful solution in Costa Rica, for example, the process is even more difficult.

Meet Abaca, the app designed to help you meet investors and have more efficient conversations with them. 

Abaca helps you take an assessment on your company’s overall investment-readiness. It benchmarks your company from Level 1, a founding team and an idea, to Level 9, a market-leading company, and its matching algorithm finds appropriate resources for your startup.

In our ongoing training with alumni of the U.S. Department of State's Young Leaders of the Americas Initiative (YLAI) Fellowship Program, those who have participated in trainings have found that doing a self-assessment was “a confronting experience, thought provoking” and that Abaca it is “an amazing and clear tool, very helpful for entrepreneurs.”

As an entrepreneur, it takes you only a few minutes to complete your self-assessment. Your company’s overall investment-readiness level, along with sector, region and other profile information, will point you to the right stage of funding and assistance. Category-specific levels identify milestones you’ve achieved and need to achieve before your next raise (if relevant) or next big expansion.

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With Abaca, you will be able to benchmark the progress of your company easily and will learn a common language that will be helpful to use with investors, mentors, and your team as you seek capital and resources in order to grow. 

The online network, with more than 4,000 entrepreneur and investor members, matches your startup with good-fit investors, support organizations, and resources. It will also facilitate how you share information about your progress. 

Entrepreneurs can get started for free. Join Abaca today!

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