Small markets. Global capital. Big ambition.
RAISING FINANCE · MARKET SIZE
Size the market
The first question every investor asks: how big is this?
Size it bottom-up. Customers × price × how often they buy.
01
Look past your island. Your island is a test bed, not the market.
02
Show the route. First market, next market, and how you get there.
03
Be credible. “1% of a huge market” convinces nobody.
04
YOUR ISLAND IS A TEST BED, NOT THE MARKET
282,000
Barbados
The six countries behind this week's projects
16.8m
WORK BACK FROM THE EXIT
Raise US$5m for 25%, and you must be worth US$60–80m for investors to make 3–4x.
US$5m
US$20m
US$60–80m
→
→
buys 25% of your company
your value after the round
the exit needed for 3– 4x
Your market has to support that number. If it can't, you need different money.
Population (people): World Bank, World Development Indicators (2024). Exit maths is illustrative and ignores later dilution.
Small markets. Global capital. Big ambition. · CIF 2026 closing keynote takeaways · Piers Linney MBE
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