Before Buying a Ticket to a Digital Partnering Event — Know You Have a Shot

23 Jul

By Rory McCann, Marketing Manager & Conference Producer, LSN

Before buying a ticket to a digital partnering event, make sure your goals are realistic and achievable, and those will differ depending on where you are at in the funding universe. (Click here for a free copy of Life Science Nation (LSN)’s Fundraising Manifesto.) The good news is that LSN is hearing from investors that, after a brief slow-down in the early months of 2020, they are closing deals and allocating funds. The big question many are asking is, “Really? Even without face-to-face meetings?” Investors give a resounding, YES!

LSN is tracking 400+ early-stage companies in drugs, devices, diagnostics, and digital health in a diverse range of indications who have raised between $150K – $33M in various funding stages as a direct result of connections made through the Redefining Early Stage Investments (RESI) partnering conferences. While old-school partnering says in-person yearly meetings are the ticket, RESI disagrees, and the numbers don’t lie.

Partnering is an ongoing conversation from pitch to capital allocation, which can often take between 9-18 months. These deals are made through first establishing the fit and then creating an ongoing dialogue that turns into a relationship. This means that it is essential to communicate and meet often via whichever platform is available, which in 2020, is online. Before committing to buying a ticket to a partnering event, it’s important to understand your chances of success, as well as what success looks like for your company, and which investors are truly qualified.

LSN gives early-stage companies a helping hand by having one-on-one interviews regularly with its global investor network to ensure every investor is vetted, as well as runs conferences and an accelerator program, manages databases, and offers a trove of free resources (Next Phase Newsletter, Bootcamps, etc.). LSN has everything an early-stage company needs to get in the game and play to win. Next week’s Digital RESI July dedicated partnering event is one of those resources we hope fundraising CEOs will take advantage of and will join our growing list of innovative companies funded through RESI. Find out more and register for next week’s 2-day dedicated partnering event at https://resiconference.com/digital-resi-two-day-dedicated-partnering-event/.

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