I used to STRUGGLE to raise money.

But in the last year, I've:
• Raised $700,000
• Turned down $1.1MM
• Helped other founders raise $20MM

Here's what I changed 🧵
Part of how you convince people is through your story.

The other part is SIGNALING

It's the subtle things you do over email & during meetings that make you seem more in demand.

Yes, you need a good story.

But story + great signaling can get you fully funded in 30 days.
1/ Only take meetings via intro

VCs value meetings from intros 100x more than cold emails.

Intros kick off your meetings with a stamp of approval from someone the VC trusts. It gets them to lean in.

Getting intros is easier than you'd expect:
2/ Schedule 40 meetings in 1 week

This is REALLY hard.

I spent a month just lining up intros to make this happen. No sales, no coding.

VCs gossip a ton. If everyone hears about you at once, your company seems bigger than it is. You'll get a ton of investors reaching out.
3/ Drive FOMO in every interaction

Every interaction you have should put pressure on the investor.

Subtly drop how "booked your calendar is" and how you've had "tons of great conversations". Every email you send should push people towards the next meeting faster.

Example:
4/ Flip the script in meetings

Use to first 15 min of the meeting to get VCs to sell you on their funds.

The more you question them on how their fund provides value (aside from money) the more they worry about losing the deal.

Here's what I ask:
5/ Broadcast every success

Started moving into partnership meetings? Let every other investor know.

Got verbal commits? Same thing.

Got a term sheet? You know the drill.

This forces everyone to make decisions faster & accelerates your whole raise.
6/ Don't be accomodating

At all times, you have to come off as extremely busy.

So...
• Don't send cal invites
• Only offer 1-2 availabilities in emails
• Don't follow up

This seems like dumb posturing.

But it works on everyone (tier 1 funds, billionaire angels, etc.)
These tactics seem simple — but again, they work on EVERYONE.

We did this to get term sheets from some of the most notable funds and angels in the world

Sure, you're "faking it till you make it"

But there'll be a tipping point where perceived demand turns into real demand
That's it for today!

If you enjoyed this...

• consider dropping a follow (@murtazabambot)
• RT the first tweet to help other founders who might be struggling to raise

I tweet about fundraising, startups, and our journey building @HeartbeatChat

Join me for the ride!
TL;DR
1/ How to get meetings via intros
2/ Scheduling 40 mtgs in 1 week
3/ Drive FOMO in every email
4/ Flip the script in meetings
5/ Broadcast every success
6/ Don't be accomodating

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Murtaza Bambot ❤️

Murtaza Bambot ❤️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MurtazaBambot

15 Oct
Just got a masterclass in community from two 19-yr-old college students ✨

@brandonthezhang & @aaditsh run Maker’s Mark (MM) — a cohort-based course on Twitter audience building

Here’s the secret to how they built one of the most engaged learning communities I’ve ever seen 🧵
1/ Teach fundamentals that can be applied instantly ✅

MM's feedback loop:
1️⃣ Teach skill
2️⃣ Students apply skill
3️⃣ They win

Wins can be small. Get people through this loop fast & engagement sky-rockets.

Week 1: MM taught thread writing. Students gained 100s of follows fast.
2/ Learn WITH your students 📚

Aadit & Brandon are experts with a student mindset

Even as Aadit was writing his own threads on Twitter, he'd actively post in Maker's Mark's community & share his personal learnings.

Instantly made us all comfortable "learning in public"
Read 10 tweets
5 Oct
After my first thread blew up, 17 founders reached out about fundraising.

I was happy to coach all of them 😄

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 🧵
{1 of 5} Strong fundraising pitches center around market tailwinds 📈

@Julian frames this perfectly:
• 1-2 new tech/legal infrastructure changes
• a new cultural acceptance

Doing this makes your pitch bulletproof 💪

{2 of 5} Learn to raise 100% virtual

💻 Run meetings & close on zoom calls
💌 Use forwardables & blurbs
🤝 Get a lead investor in 2 weeks

@ericbahn & @HustleFundVC gave the best workshop I've ever seen on this:
Read 8 tweets
4 Oct
Every new competitor scares me.

My insecurities take over 😬
"Are we REALLY doing enough at @HeartbeatChat?"

As a founder, I'm working to process competition in a healthier way (& you can, too)! Here's how...

THREAD ↓↓
1/ Realize that every startup is rife with problems 😫

Competitors leave these problems out of Techcrunch articles, but they're still there.

You've likely solved some of these without knowing 🚀

"Every one of you is sh*tty in your own special way"
- @supalyt to YC startups
2/ Even celebrity founders fail

Look at Atrium (founded by @justinkan, prev built @Twitch)

Raised $75M —> dead in 3 yrs

At my last co, I was terrified of Triplebyte & Hired. Today, both are struggling. No shade — startups are hard.

Next: using competition constructively...
Read 9 tweets
1 Oct
1 year ago I knew nothing about communities.

But building @HeartbeatChat, signing customers, and raising our $700k pre-seed — I became an expert. FAST.

Now you can do it too 😉

Here's my curated list of resources to make you a "community" expert overnight 🧵
1/ The Community Building Crash Course by @jayclouse

People join communities for either
(A) transformation 💪
(B) support ❤️

Pick one to start. (Add the 2nd later)

Reduce time to gratification on your chosen goal to create insane community retention.

bit.ly/3B1pTFS
2/ 100 True Fans by @ljin18

Massive communities are overrated. Lower retention, harder to monetize, and members don't know each other.

🤔 Instead, what if you REALLY helped only 100 people for $84/mo each?

🤑 100 true fans —> $100,000/yr

bit.ly/3mcD3tt
Read 9 tweets
28 Sep
I failed out of Georgia Tech's coding classes.

Now I run a tech company.

Over 5 years, I taught myself to code. I found the right community & learned enough to even build my own products.

This is how I did it & how you can too 👇
I started where everyone does: CodeAcademy

I whizzed through their beginner courses — Python, JS, Ruby, and others. But I didn't learn much.

Yeah, now I knew what a print statement was, but how tf do you use them?

I needed something practical. A project.
I started the famous Ruby Tutorial from Michael Hartl.

The goal: build a Twitter-clone in a week.

The next 5 days, every waking hour was this. I was ready to be the next @jack

But I couldn't even set up my environment.

This was taking way f*cking longer than a week 😫
Read 11 tweets
17 Sep
I want to introduce myself 👋

Over the past 4 years I...
• Built a startup
• Became homeless
• Lost $2,000,000 & all our customers
• Started @HeartbeatChat
• Built a team, new product, & raised $700k in 6 mos

Here's my story 🧵
(2017) In college, I saw my friends struggle to get hired.

So built a job board with my roommate — you could 1-click apply & submit 150 tailored applications in 15 min.

It grew fast.

n.pr/3lO0glR
We reverse-engineered other job boards & figured out how to get our site links posted to the job boards for every major college in the US.

In 8 months, we jumped from 1,000 to 25,000 users

But we had no way to monetize.
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(