180. Follow Ons Part 3: The Follow-On Death Spiral
Wrapping this up, I’ve been watching the “Follow-On Death Spiral” for the last year. It’s not all bad news through.
Learn how to position your startup, plan your go-to-market, and grow with a solid strategy.
Wrapping this up, I’ve been watching the “Follow-On Death Spiral” for the last year. It’s not all bad news through.
AJ Bruno, QuotaPath’s CEO has raised $70 million for QuotaPath and had a successful sale of TrendKite for $225 million, after multiple rounds of funding. He’s also a father of three and a pilot who does not like the idea of building the plane while flying it.
How Glade Optics organically attracted seasoned operators as investors through a meticulously planned reputation-building strategy
Navigating the emotional rollercoaster of early struggles and the rewards of reaching a sustainable revenue level
Why Glade Optics chose non-dilutive funding: the dual benefits of protecting equity and gaining mentors
Curt Nichols of Glade Optics shares his journey from bootstrapping with credit cards to scaling a high-seven-figure business in ski gear.
Fractional talent is a great way to get experienced team members on a part-time basis to augment your full-time staff in a cost-efficient way.
Matt literally wrote the book on startup boards. Heed his advice and find the best possible board members, keeping a balance between independents and investors.
Start your hiring processes while you’re fundraising so you can hire as soon as you raise. Otherwise, you waste valuable months.
The next two post-funding mistakes are over-spending and not forecasting cash. Cash is king!
There are three post-funding mistakes Matt regularly sees from founders. The first is under-reporting.
While funding is down, it’s down less at Seed. Angel investing is down, but it’s likely leveled out and will hold steady. There is still a plethora of capital available, and there are incredible tools to start businesses using low/no-code. There’s never been a better time to start a company.
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