How long does it take for the fastest deal to be closed? What kind of deals have you chased, but failed? How to build relationship with investors? These topics were discussed during the Investors panel at LOGIN Startup Fair 2015.

Watch full panel discussion HERE.

Below you can find the list of the participants and a short summary:

What kind of deals have you chased, but failed? What has had an impact on your failure?

Sam Mayers (Balderton Capital): We saw that team was incredible, but we were not spending enough time with them.

Yaron Kniajer (Rhodium): We are still chasing them and we have tried to convince these entrepreneurs to work with us.

Margus Uudam (Ambient Sound Investments): We have lost some deals because of speed. We weren’t comfortable of reacting as fast as the other part wanted us to.

Mindaugas Glodas (Nextury Ventures): We have no big regrets yet. Some teams were too advanced.

Linus Dahg (Wellington Partners): We missed one deal because we weren’t fast enough, valuation was too big. Also, we thought that we could bring more valuable meaning.

How long does it take for the fastest deal to be closed?

Sam Mayers: Our standard time before investment is 4-6 weeks.

Linus Dahg: Our fastest investment took us 3 weeks. That deal closed in 3 meetings.

Mindaugas Glodas: Sometimes we are investing in ideas. It takes weeks and months to understand what we want and what do startups want. We try to invest and we see how it goes. Once we validate, that people are committed and they are capable, we do the deal.

Marcin Hejka (Intel Capital): In my case, fastest deal was closed in 2 weeks. Standard is a bit longer – 2-3 months. It’s a 2 way process – investors investigate you and you investigate the investor. Tip: make sure you contact investors, who may be interested in what you do, so the waste of time can be avoided.

How to get investment?

Linus Dahg: Check your inbox, because dynamics make the deal.

Marcin Hejka: Make sure your product is addressing the real need.

Margus Uudam: Set your company goal. Successful startups usually aim to help someone. 1 billion dollar dream startups usually fail.

Sam Mayers: Presentation should always start with the product.

Yaron Kniajer: Step outside your comfort zone and go for opportunities.

LOGIN Startup Fair is the biggest annual event for startups in the Baltics, organized by Enterprise Lithuania and Startup Lithuania. The event gathers together entrepreneurs, designers, programmers, investors and media from the whole region. Good news regarding funds raised by startups from foreign investors pop up after every event! LOGIN Startup Fair is the part of LOGIN, biggest annual progress conference in the Baltics, which will rock for the tenth time in May 2016.