Alexandra Fraser (Fraser Consulting and Silicon Cape) and Carl Wazen (Yoco, the fantastic and price-friendly card payment system) recently spoke at a Techstars-4-A-Day event, held at the Rise hub in Cape Town. There, they advised entrepreneurs on how to get into a funding frame of mind and start the process. 

1. Start thinking of funding now. (Most entrepreneurs don’t start looking early enough.)
2. Looking for angels. (Seed funding from family or friends or both shouldn’t be underestimated. Then there are the venture capital angels.)
3. Homework isn’t just for school. (Find out who the best angels are for what you want to do. Spamming them all is counter-productive.)
4. Be on top of your game. (There’s not enough capital to go around so you need to be best in class.)
5. Network network network. (Grow your network. Rub shoulders. Press flesh. Build your network from the get-go. People who know people who can refer you.)
6. Think about the future. (Long-term thinking is vital; how much you need to raise, how much of your company you want to give away.)

  

Source: Ventureburn. For the full story, read 6 tips from SA startup pros on raising funding