After my first thread blew up, 17 founders reached out about fundraising.
I was happy to coach all of them π
But, I found myself sending the same threads over & over.
SOOOO....
If you're about to start fundraising for your startup, here's what you should read π§΅
I was happy to coach all of them π
But, I found myself sending the same threads over & over.
SOOOO....
If you're about to start fundraising for your startup, here's what you should read π§΅
{1 of 5} Strong fundraising pitches center around market tailwinds π
@Julian frames this perfectly:
β’ 1-2 new tech/legal infrastructure changes
β’ a new cultural acceptance
Doing this makes your pitch bulletproof πͺ
@Julian frames this perfectly:
β’ 1-2 new tech/legal infrastructure changes
β’ a new cultural acceptance
Doing this makes your pitch bulletproof πͺ
https://twitter.com/Julian/status/1404893926440333317
{2 of 5} Learn to raise 100% virtual
π» Run meetings & close on zoom calls
π Use forwardables & blurbs
π€ Get a lead investor in 2 weeks
@ericbahn & @HustleFundVC gave the best workshop I've ever seen on this:
π» Run meetings & close on zoom calls
π Use forwardables & blurbs
π€ Get a lead investor in 2 weeks
@ericbahn & @HustleFundVC gave the best workshop I've ever seen on this:
https://twitter.com/HustleFundVC/status/1352706096645853184
{3 of 5} Your goal during a raise is to generate momentum.
Sales require that you
β’ SHOW value and...
β’ CREATE urgency
Momentum creates urgency. Investors worry they'll miss the next Airbnb or Uber.
@dunkhippo33's thread is a masterclass on this:
Sales require that you
β’ SHOW value and...
β’ CREATE urgency
Momentum creates urgency. Investors worry they'll miss the next Airbnb or Uber.
@dunkhippo33's thread is a masterclass on this:
https://twitter.com/dunkhippo33/status/1352734147438022656
{4 of 5} Fundraising is difficult & unintuitive.
Most fundraising advice comes from VCs. But even those who built a unicorn 20 yrs ago, rarely understand how to raise today.
Get advice from great founders, not career VCs
@Suhail has a goldmine here:
Most fundraising advice comes from VCs. But even those who built a unicorn 20 yrs ago, rarely understand how to raise today.
Get advice from great founders, not career VCs
@Suhail has a goldmine here:
https://twitter.com/Suhail/status/996767927465529344
{5 of 5} Raise what you need. Don't get caught up in hype.
After the 1st check, rounds tend to snowball fast. BUT....
Larger raise => steeper quarterly targets
You lose freedom to experiment & find PMF as your goals get steeper.
@jwdanner:
After the 1st check, rounds tend to snowball fast. BUT....
Larger raise => steeper quarterly targets
You lose freedom to experiment & find PMF as your goals get steeper.
@jwdanner:
https://twitter.com/jwdanner/status/1443611629787090956
If you enjoyed this, consider dropping a follow (@murtazabambot)
I write threads about our journey building more thoughful communities at @HeartbeatChat and what I've learned running a startup :)
I write threads about our journey building more thoughful communities at @HeartbeatChat and what I've learned running a startup :)
TL;DR
1/ Build your pitch around tailwinds
2/ Learn to raise over Zoom
3/ Your goal is to build momentum
4/ Learn from other founders
5/ Don't get caught up in the hype
1/ Build your pitch around tailwinds
2/ Learn to raise over Zoom
3/ Your goal is to build momentum
4/ Learn from other founders
5/ Don't get caught up in the hype
β’ β’ β’
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