We continue exploring the stages of the startup journey, from idea to exit. When you’re ready for more funding, what should you be doing and keeping in mind to make the most of new money?
As a startup founder, at least for a while, you’re “The One”. You’ll be keeping your finger on the pulse of everything related to your company, and likely also DOING the actual stuff that needs to get done. In this episode, we talk about what that really means to you and look at strategies for keeping everything going. We also talk through the importance of building your pitch deck and pro forma with real data behind it and how important objection handling is in the pitch. Let’s get pitch perfect, y’all.
The terms “friends and family investors” and “friends and family round” get thrown around a LOT when you’re an early stage startup. Which may leave you wondering if you’re disadvantaged in raising money because Scrooge McDuck isn’t your uncle. In this episode, we talk about what “friends and family” really means, the opportunity of using the network you already have (and what you may not know about the value in that network), and what else besides money is valuable that you can also seek to raise from people around you. And if you ARE the rich uncle, we’d like to talk.
Stage 6: Getting your product to market and earning revenue This is the most exciting stage, and typically the one that people think they are starting with when they build their first startup. As you now know, there is a lot of work involved in getting to this step, but you’re a pro at it …
Pitching tends to be labeled “difficult”, and we as founders usually even lament doing it at all. But what if our frame for what it means is wrong? What if what we call “pitching” isn’t actually pitching at all? In this episode, we explore a reframe for pitching that will restore your power when fundraising, and it leads us to a conversation about the importance of celebration and how the entrepreneurial journey is actually about the journey.
In this episode, we get real, raw, and revealing about the emotional journey of the startup entrepreneur. As we’ve been on this ride, so much has shifted, sometimes in a very short period of time, and the emotional and mental impacts of those (very normal) shifts can’t be underestimated. If you’re wondering if you have what it takes to go the distance, dive in with us and find out.
Good for you! You got the right data together, found out that you do have a sellable idea for a viable company, and you’re ready to move forward. It’s a beautiful day in the neighborhood! Now what? It’s time to start planning how you will execute on your idea. By this point you should know …
It’s another founders session episode where all three of us get together to talk about what it’s like building a startup real time. We’ve hit some snags with our fundraising, and in this episode we’re talking about all the options, how we’re approaching them, and providing our best wisdom on bootstrap versus raise and everything in between. (PS – If you’re a banker, we have good advice for you!)