Are you at that point where you are wondering how to raise money from friends and family? Aside from self-funding, friends and family are the main first step and source for financing a new startup company. It can be some of the best money you can raise. They may be some of your favorite investors. There can also be some pitfalls with serious long term repercussions if you aren’t careful. Here is the process of how to raise money from friends and family the most effective way, as well as why you should, and what’s next…
Are you in need of a customer profile template? A customer profile is one of the most important documents and assets for every business. Having a strong customer profile or none at all can be directly traced to the failure or success of businesses. Whether you are a brand new startup that hasn’t launched yet, or you already have decades in business and are finding your profits and customer retention isn’t where it should be, you need a customer profile.
Are you looking for a product launch plan template? A product launch can be one of the big make or break moments. It’s the culmination of a lot of work and investment. For many entrepreneurs, it is the deciding factor in whether to continue on the journey with this business or not.The effectiveness of your first or any following launch attempts is all about the planning. If you don’t have a good plan, plan on it failing. Use this Product Launch Plan Template to make sure your launch is a hit.
Are you looking for ideas for businesses to start in a crisis? Being in a crisis is actually one of the best times to start a new business. If you follow the stories of our wealthiest individuals and largest corporations, their success was frequently, if not almost invariably born out of moments of crisis. Here are some ideas for businesses to start in a crisis, and the thought process behind them.
Craig Fuller is a repeat startup entrepreneur who has launched, scaled and exited multiple businesses. He’s gone from the family business to publicly traded businesses to going out on his own. During our interview on the DealMakers Podcast, Craig Fuller shared his journey from childhood working in the family businesses to getting fired by your dad, and doing your own thing. Plus, funding your own business, how venture capital works, VC versus private equity funding, and his key to success.
Are you looking for a sales plan template? Use this template to efficiently create a winning sales plan that leads to more customers, deals and revenues.
Are you looking for a company profile template to enhance your business and efforts? This is one of the most important and valuable pieces of content that your organization can create or commission to be created for you. Check out this Company Profile Template and use it to start standing out today.
Are you looking for a market analysis template? Use this market analysis template to get a clear picture of your space and create the right strategies and features to win your market. Failing to do a reasonable amount of market analysis is probably the number one reason that startups fail. Unless you know what you are getting into, and what you’ve got, you don’t know the threats and landscape. It’s easy to fall into any number of pitfalls. Look at all of the top reasons given for around 90% of startup businesses failing in their first few years, and they can all be traced back to this. Whether it is running out of money, poor financial management, not having a pressing problem to solve, marketing, not having enough customers, or just being taken out of the game by competitors, it is mostly because the founders didn’t know their space.
This Serial Entrepreneur Has Raised Tens Of Millions To Allow Any Company Or Brand To Offer Financial Services
Nigel Verdon has built and sold several fintech companies. He has started them, bootstrapped them, raised venture capital, grown them, and sold them. During our interview on the DealMakers podcast, Nigel shared his journey of going full cycle through several startups. We talked about raising tens of millions of dollars from high profile funds, the keys to building a great business that scales, and learning from challenging times.
Are you in fundraising mode and wondering how to cold email investors?Want to raise more capital for your startup business? How can you successfully cold email investors and get the funding your venture craves? Some startups and their founders have become famous for pulling off incredible funding rounds from very notable investors, with just a cold email. Even from Mark Cuban.It is true that this is more the exception than the rule. Yet, if they could do it, so can you. There can actually be many advantages to this. It’s a great way to start fundraising and land a highly respected lead investor. While not necessarily the most efficient or predictable fundraising process, it is cheap and can help keep things simple when you don’t want to get distracted and detoured with a complex fundraising process. If you can pull it off, the upside and ROI is huge.
He Sold His First Startup To Roche For $425 Million And Now Is Bringing Targeted Therapies To Critically Ill Patients
Jason Springs has been tackling the greatest threats to modern healthcare for the past 15 years. His first startup was bought in a deal valued at over $400M, and he’s now on his second and even larger venture. During our interview on the Dealmakers Podcast, Jason Springs shared his take on building teams to scale big and meaningful businesses, and how he got hooked on startups, became a full cycle founder, and raised tens of millions of dollars for his healthcare technology ventures.
Are you looking for a sales script template? Remember that you don’t have a business without sales. To get sales you have to communicate with people. Even the most experienced and accomplished salespeople and entrepreneurs use sales scripts. It’s the best way for anyone to start selling. Having a strong sales script is essential for growing your business. Even more so if you want to do it efficiently and competitively.
Iyad Tarazi has taken on a startup mission that despite pitting them against one of the largest incumbents in the world has already seen his company achieve 50% market share. During our interview on the DealMakers podcast, Tarazi shared how he overcame some significant challenges to creating a successful startup company in the US. He talked about embracing challenges that help build you as an entrepreneur, the top three traits he looks for in people when hiring, his unique approach to leadership and company culture, learning the fundraising game on the fly, and when to make the leap yourself.
Are you at that stage where you are asking what it means to become an entrepreneur? There is still a lot of buzz about entrepreneurship. In fact, recent events seem to have only accelerated the need and appeal to become an entrepreneur. Celebrated entrepreneurs are proving they can create multi-billion-dollar companies, even in the wildest times. Many make it look very easy. Even though it may not be as effortless as made out to be in the media, the risk of going into entrepreneurship may now be seen as far lower than before, and even working for many large long-running corporations. So, what is it really like? What does it mean? What can you expect?
Drew Perkins has started and built companies worth billions of dollars. His new vision could be even bigger. During our interview on the DealMakers Podcast, Drew Perkins shared the story of his startups, the virtuous upcycle he has mastered, the painful lessons of a first startup you might want to skip, and building a company with a 550 million dollar outcome in just one year. Plus, the definition of luck for entrepreneurs and what’s next for augmented reality.
Are you looking for an investor pitch template? Ready to craft a powerful pitch that will inspire investors to put their capital into your business? Use this investor pitch template to create an effective script that will get you the results and funding your company needs.
Alex Robinson is a serial entrepreneur who has raised significant amounts of capital to take on big opportunities. His latest venture has already pulled in nine figures and has a lot of room to grow. During our interview on the Dealmakers Show Robinson talked about his experience working at Microsoft, facing big external risks in business, finding the right cofounders, what really matters in building a successful business and digitizing the giant commercial real estate space.Listen to the full podcast episode and review the transcript here.
Are you looking for an online advertising plan template? Ready to unleash highly effective online advertising campaigns for your business? Check out this easy to use online advertising plan template and start securing new business, fast. The internet may be both the best and worst thing to have happened to advertising in the past few decades. On one hand, it has made advertising incredibly easy, affordable, fast, and predictable. On the other hand, it has also made it more confusing, wasteful, and disappointing for those still trying to make sense of it, lost in volumes of misinformation, and who’ve tried to copy others and wing it.
Felix Van de Maele is on the forefront of driving the world’s digital transformation. His startup has already raised over $300M to fund their growth in providing ever more in demand data services. During our interview on the DealMakers Podcast, Felix Van de Maele shared his journey, fundraising experience, and the differences between Europe and the United States for startups. Plus, who you should hire first and the Amazonification of data.
David Rosenberg’s latest startup has raised $200M to take on the mission to improve our food chain at scale. During our interview on the Dealmakers Podcast Rosenberg talked about his experience in creating, growing, funding, and exiting startups. Plus, what it’s like to be a NYC born and raised entrepreneur, finding business ideas with great advantages and commercializing them, as well as how his newest company is changing farming and food.
Tom Shea’s startup recently raised a huge $600 million fundraising round. It’s not his first rodeo either. During our time together on the DealMakers podcast, Shea discussed when you should make the leap to starting your own business, bootstrapping your startup from zero to a $50 million exit, raising massive financing rounds, getting to scale, taking on some of the largest tech companies in the world, and making your brand the standard.
Are you looking for a SWOT analysis template? A SWOT analysis is a vital part of every business. Check out this SWOT template and guide to speed you through the process and to an effective document that will help your business throughout its lifecycle.
He Sold His Last Business To Yahoo For $50 Million And Now Raised $100 Million To Warn Drivers Of Road Hazards
Eran Shir has raised substantial amounts of capital, launched at least three startups, and has been pioneering the edges of big data and deep machine learning. During our interview on the DealMakers podcast, Eran Shir shared his journey into science and building businesses. Plus, operating in moments of crises, insights on mapping epidemics, selling your company to Yahoo!, and the future of cars.
Are you looking for a professional bio template? Do you need to stand out and generate better returns for all of your other efforts? Check out this guide and template… This is one of the most pivotal assets you have as a professional and entrepreneur. It can make all the difference in the doors which get opened for you. A weak one can really hamper your efforts, speed, and altitude, even if you get everything else right. Use this Professional Bio Template to create a winning profile you can bank on.
Are you wondering what a comparative market analysis template looks like? Competition and market analysis are some of the most important parts of launching a new startup business. Use this Comparative Market Analysis Template to streamline the process and get to the next phase of business.
Arcady Sosinov’s startup is changing the mobility experience, and perhaps just about everything else about how we live and work too. During our interview on the DealMakers podcast, Arcady Sosinov shared his adventure of creating, funding and scaling a company. Including when to make the leap into entrepreneurship, essential tips on choosing and structuring your founding team and investors, and how to find the strength to keep going, even when your company runs out of cash. Plus, the future of mobility and how incredible the impact of electric mobility really is.
Max Simkoff has taken on a really big industry with his latest startup. One that most of us will encounter in our lifetimes. During our interview on the Dealmakers Show Max Simkoff shared his journey so far, some of the things you only learn and recognize once you are on to your second or third startup, the art of buying big companies, what time of day you should stop negotiating deals, the thing about making mistakes and how to scale a company really fast.
Ready to polish a one-page business plan template that fuels your venture and opens more doors for you? Check out this one-page business plan template.
Are you looking for a startup marketing plan template? Keep in mind that without a solid marketing plan businesses are just winging it. That’s rarely a formula for success. So, where do you start with a winning process that will get real results? Check out this Startup Marketing Plan Template to fuel a successful journey.
Oleg Tumanov transformed an industry for a whole nation. He’s raised millions of dollars and hired hundreds of people in the process. During our interview on the DealMakers podcast, Tumanov shared his insights from building a business from scratch to over $100M a year in revenues. He talked about the many challenges, which also led to breakthroughs, why you should keep pushing through, the one thing that is more important than strategy for a company, his approach to hiring, and what you didn’t know about the world of on-demand video.
Lisa Alderson has now been involved in starting or founding at least seven companies already. Her latest venture is using technology to drive innovation in healthcare to improve access, service delivery, and pricing. During our interview on the DealMakers podcast, Lisa shared her early curiosities which led her into entrepreneurship, her adventures of starting, scaling and taking businesses full cycle, successfully raising capital during the dot com bust and COVID-19, the importance of storytelling and the two keys to success as a new founder.
Are you at that stage where you are wondering how to read investors’ body language as an entrepreneur? Have you ever found yourselves wondering what your investors are thinking? How can you read them while you pitch your ideas? As a growing entrepreneur, you know pitching to possible investors is not easy. Your pitch is your only chance to introduce yourself, your product, and your financial plan to the people that can help your idea launch into an actual business. The way you present yourself is important. How you dress, speak, and carry yourself can affect your first impression and the result of your pitch. While your own verbal and nonverbal communication is important, so is understanding your listeners’ reactions. Reading their queues and body language as they take in your pitch can help you change your own conduct and foresee the answer investors might give to your proposal, and turn things in your favor.
Brandon Krieg is on his second really big startup. His first sold for tens of millions of dollars. His next venture has raised hundreds of millions and is changing the dynamics of money, spending, banking and investing for millions of Americans. During our time on the Dealmakers Show Brandon Krieg shared his adventures in building and scaling big fintech ventures. He talked about raising money all the way through a Series F, even during a crisis. Plus, integrating companies in a M&A deal, hitting product market fit, and developing successful product roadmaps.
Are you looking for a company newsletter template? A company newsletter can be a powerful tool at every stage of your business. What does a successful company newsletter look like? What should be in yours? Check out this company newsletter template to create a winning message that bolsters your business.
Jason Gardner knows a thing or two about starting and scaling a business. He’s already on his third venture, and despite it already being worth billions he could just be getting started. During our interview on the DealMakers Podcast, Gardner talked about getting 10x results for investors, building a $4.3B company, and what he’s learned about leadership and financing through raising over half a billion dollars in capital.
Are you at that stage where you are trying to figure out how to patent an idea? Coming up with an ingenious idea for a product, process or machine is hard. Some people write their ideas in journals. Others tell them to their family or partners. There are people who only keep the concept in their minds. While a minority act upon their idea and create it, the majority of people simply daydream of selling their great idea to a profitable company or creating their own business selling the product of their brainchild. They often feel robbed when they suddenly see their idea come to life in a commercial or see a similar product in the store. Since they never acted upon the idea, suing the seller is not an option. No court will accept a dream journal, a scribbled old napkin nor a verbal promise as proof of ownership. So how can you prevent others from recreating your ideas?
This Entrepreneur Went From Living In A Refugee Camp In Iraq To Raising $52 Million For His AI Startup
Hanif Joshaghani has raised tens of millions of dollars for his startup which seems to only be growing in importance through the pandemic of 2020. During our interview on the DealMakers Podcast, Hanif Joshaghani shared how he went from spending 12 years living in refugee camps as a kid to an MBA and founder of a fast-growth startup. He talked about the keys to a successful business, raising big money during COVID-19, business trends, and vetting potential investors.
Are you wondering how to apply for a business grant? There are moments when it may not be the perfect timing to self-fund a new business venture, or a traditional business loan may not be possible. This is where a business grant comes in. A way to kick things off, before raising more money from outside investors to fuel growth. Business grants are made up of free capital meant to serve as financial assistance to the awarded business. Its objective is to eliminate the need for deb right at the beginning, allowing the business to grow and flourish.
He Sold His First Business For $4 Billion To Alibaba And Now Raised $250 Million To Extend The Lifespan Of Your Clothes
Maximilian Bittner has raised over $1B in capital for his two startups and already sold one for $4B. He has hopped continents launching and scaling companies at an incredibly fast rate, and he isn’t done yet. During our time together on the DealMakers Podcast, Bittner shared his journey to becoming an entrepreneur, how to create hyper-growth companies at an incredible scale, how to take the best of one culture and apply it to commerce in another, and what you do after selling a startup for billions of dollars.
Are you at that point where you are wondering how to start a business? Starting your own business is probably one of the best things you can ever do in your life. No matter how it turns out on your first try, no entrepreneur ever seems to regret it or want to go back to working for someone else after they’ve tasted the experience. So, how do you get started?
Jay Desai committed himself to build a meaningful startup. His health tech venture has already raised $100M and is growing. During our interview on the DealMakes Podcast, Jay talked about transforming the healthcare industry, how he is investing in and advising other startups and entrepreneurs, his take on incorporating your startup, including hiring co-founders, your most important employees, and solving marketplace businesses.
Are you wondering what to expect from board members? As a startup founder, your board of directors can be one of your most powerful tools for success. It is also one of the factors of starting a real business that few entrepreneurs really have experience with. That can also make it one of the most precarious parts of running a true fast-growth startup that scales. So, what should you expect from board members?
Rahul Gandhi has been on both sides of the table, building, financing, and scaling companies. His venture MakeSpace has brought the next evolution of innovation to a very big industry. During our interview on the DealMakers podcast, Rahul shared his early start to entrepreneurship, the challenges of creating and sustaining a business, the truth about building your own business, and his top advice for other new startup founders.
What are the investment materials needed for fundraising? Funding is one of the most critical parts of a startup. Without enough funds, even the best ventures can fail hard and fast. This equally applies whether you are just starting out looking for pre-seed money, or are seeking a bridge round before your Series C or later. It’s rare anyone is just going to pop up out of the blue and try to throw money at you. So, what kind of investment materials do you need for fundraising?
Taejun Shin is on a mission to provide microfinance solutions to millions of the most underserved in the world. His startup has been growing fast and has drawn the attention of many investors. During our interview on the Dealmakers Show Taejun Shin shared his adventure into entrepreneurship. We talked about Japan’s growing venture capital and startup ecosystem, serving low income households and his secret sauce for recruiting great talent.
What is a business grant? Why might a business grant be the right choice for you? According to the Chamber of Commerce, around 400,000 small businesses open every year in the United States. While 80% of them survive the first year, about 50% can hardly reach the five-year mark. There are many reasons why a business fails. Including competition, lack of foot traffic, and mismanagement. When it comes to kick-starting a new business venture, originality and traffic are not enough.
This Entrepreneur Sold His Companies For Over $1 Billion And Is Now Transforming The Food Industry With Mushrooms
If Silicon Valley VCs could clone anyone to be their golden child capable of consistently delivering fast 10x returns like a printing press, they would probably use Alan Hahn’s DNA. So, far serial entrepreneur Alan Hahn has started six companies. He built, scaled, and exited. Including selling his very first company for over $1B. While nothing ever goes perfectly smoothly, even for repeat founders, Hahn has demonstrated an incredible talent for bouncing forward, fast. During our interview on the Dealmakers Show Alan gave us a breakdown of his starts and exits, and the lessons he learned in the process. Plus, his strategy for structuring the right mix of investors, and the magic key to hyper-growth startups.
How to build a financial model for investors? A financial model can be a critical part of starting a business and many of the steps that come with building and growing one. So, how do you do it? What do you need to know to nail it?
Are you figuring out the equity incentive plan basics for your startup? Thinking about offering equity incentives to key players in your startup business? Why would you? What are the basics of an equity incentive plan that really works for everyone? Equity can be a highly valuable and powerful tool for entrepreneurs. Even early-stage startups can find it unlocks incredible value for them and makes so much possible, far faster than many could imagine. Equity incentive plans can also be a tricky beast. They can bite you back or limit your potential, or at least throw some serious wrenches in your vision if you aren’t careful
Are you wondering what are the types of business grants available for you? You have an idea for a new business, and while you know it would be a success, you lack the funds to get off the ground. For those afraid of falling into debt so early in the venture, a business loan may not be that attractive. Raising equity from investors may be an option, but what about a business grant? Business grants help organizations progress by giving them financial assistance. The best part? Grants are non-payable, allowing the business to grow debtless. There is a catch though. While grants are plentiful, they can be hard to receive. Grant-makers want to award their funds to businesses aligned with their own projects and worldview.
Tomás Martins is on a mission to change how we get around our cities. His startup has already raised tens of millions of dollars and has acquired companies larger than itself as it expands to modernize micro-mobility in new major cities. During our session on the Dealmakers Podcast Tomás Martins shared his journey through launching and scaling a startup. He talked about the truth about building a company, surviving and believing through the tough moments, the future and challenges of micro-mobility, and Brazil’s growing startup ecosystem.
What is the difference between pre-money valuation and post-money valuation? How are they different for startups? Valuations can already be a confusing and challenging element for startup founders. If you’ve started preparing for a fundraising campaign, you now also have to think about pre-money and post-money valuations. In general, valuation can be a distraction from focusing on some of the most important parts of building and scaling a business. Yet, valuation can be a powerful tool for growing your company. They can make a big difference to you, your organization, and customers in some unexpected ways.
This Entrepreneur Helped Build A $3 Billion Startup And Now His Fourth Company Is One Of The Fastest Growing In Music
Ola Sars is a repeat entrepreneur who knows how to scale, and whether many of the challenges that founders face as they try to start, fund, and scale new ventures. He has created at least one billion-dollar company that was bought by Apple, and you’ve probably heard the result of his work yourself this week without even knowing it. Now scaling his latest venture, Sars is helping businesses unlock new revenues, and enhance their brands using music. This includes his contribution to the tech music industry where he is opening the opportunity to unlock incremental value in the music streaming market. As a result, this could provide up to 15% to 20% growth in the next 10 years.
What is preferred stock and why is given to investors? You’ve got to know your stocks and shares as a startup founder. This is especially true when it comes to giving equity and issuing stock. Unless you thrive on legal and math, this part of the startup game can seem really confusing at first. If you skipped this class in business school, it’s time for a quick tour of classes of stock, and the difference they can make when it comes to startup fundraising. For the creative entrepreneur, this can seem about as fun and unsexy as accounting at first. However, knowing your classes of shares can quickly make all the difference in various outcomes, and certainly in what you get out of the ride of this venture. Those who do take the time to familiarize themselves with this part of being a startup can find it gives them a great advantage in negotiating and achieving a desirable outcome.
He Sold His First Business For $2.6 Billion And Now Raised $108 Million From Jeff Bezos And Others To Improve Medical Diagnostics
Sujal Patel has not only started and scaled a billion-dollar company but is on his second venture that is on track to change the world. Not only has Sujal already raised almost $200M for his startups, but he has done it through some of the most challenging times for fundraising in recent history. During our interview on the DealMakers podcast, he shared his foundational experiences, why he chose Seattle over San Francisco, going through the M&A process, and pre-marketing your fundraise.
Are you wondering how to pitch your financial projections to investors? Financial projections can be one of the most pivotal parts of your presentation and pitch as a startup entrepreneur. They definitely have the power to trip you up and sabotage your startup fundraising campaign if you get it wrong. There is a lot of misinformation and misconceptions about financial projections and pitching investors. Here’s what you need to know when preparing and delivering your pitch to get the funding your venture needs.
James Isilay’s startup has raised at least $20M so that other companies can get better and more relevant data, so that they can grow.
During our interview on the Dealmakers Podcast James shared his inspiration for becoming an entrepreneur, where to find the help you need to get going, how the world of work is changing after COVID-19, the difference in where you start your startup, and his tips on managing millennials, workplace culture and using regulations to your advantage.
What is traction for a startup? There is a lot of talk about it out there online and in startup circles. You know you need it. Yet, there is a lot of confusion about it. Why is traction so important? What does it really mean? How can you get it?
Kelvin Teo has raised millions of dollars to help others sustain and scale their ventures. His fintech startup Funding Societies (or Modalku in Bahasa language) is now the largest in Southeast Asia, and even bigger than some banks. During our interview on the DealMakers podcast, Kelvin shared his journey into entrepreneurship, what’s changing in the business and fintech landscape post COVID-19, what’s important to creating a sustainable business and getting funded now, the advantages of launching in emerging markets, and differences between the US and Asia for startups.
Y Combinator Rejected Him And Then He Raised $62 Million To Build The Tech Infrastructure Needed Post COVID-19
Avi Freedman’s startup has proven to be an important part of the technological infrastructure helping enterprise businesses run post COVID-19. During our interview on the DealMakers podcast, he described how he fell into the world of computing, applying to startup accelerator Y Combinator, the pros and cons of bootstrapping your startup versus raising venture capital money, and the post coronavirus fundraising landscape.
Which are the largest tech companies in Silicon Valley today? In spite of the fact that NYC and other notable cities have been displacing Silicon Valley as hotspots for launching startups, fast-growing startup ecosystems, and attracting capital, the valley is still a mecca for many entrepreneurs and tech workers. The foundation and how entrenched this culture is in the DNA of the area is unlikely to change any time soon, even if traditional office space is all but abandoned for remote work after 2020. So, who are the biggest companies in the area today? What can aspiring entrepreneurs learn from them?
Rahul Dhanda’s latest startup made history with its new coronavirus test. A rapid feat that could prove to go down as one of the most impactful business and medicine achievements in 100 years. During our time together on the Dealmakers Podcast Dhanda shared how we got into starting businesses, lessons learned from starting from scratch to taking a company public, the concept of bioethics, why his latest venture has an incredible nine cofounders, how they raised $50M including funds from the Gates Foundation, and strategies for taking on a competitive market with established players.
Wondering how to win a pitch competition? An effective pitch can make all of the difference between getting your startup business the funding, resources, and backing it needs to become a reality versus it falling flat and having to start over from scratch. There are many types of competitions and pitching opportunities for entrepreneurs. These can run from school business plan competitions to government grants to demo days at startup accelerators and those hosted by angel groups, TV shows like Shark Tank, as well as individual investor meetings you’ve managed to line up. So, what’s the secret sauce to winning pitch competitions and getting the money your startup needs?
Jay Bregman has given birth to three popular tech startups. He has already exited two of them and is now working on a thriving venture which is helping new ventures launch post-COVID-19 while enabling existing businesses to adjust and optimize for the new working environment. In our interview on the Dealmakers podcast, Jay Bregman talked about his three ventures, eCourier, Hailo and Thimble, the differences in EU and US startups and fundraising, the most important lessons he’s learned along the way, as well as his top tips for those founding new startups today.
What are the top rules of ideation? How do you come up with and qualify the best ideas for a startup business? Ideation is the process of coming up with and conveying ideas. It’s the basis of any startup, fundraising exercise, and business venture. So, where do great ideas come from? How do you know if yours is really worth pursuing? How do the most successful entrepreneurs go from wanting to start something to hit businesses?
Hailing from the Startup Nation, Orr Danon is an entrepreneur and founder who has raised millions of dollars for this tech startup, through a recent Series B round. His now international company came to life after he decided to take on a bigger challenge, in order to have even more of an impact. In our interview on the Dealmakers Podcast, Danon talked about taking risks, navigating the startup journey, possibility, and what he sees as the most important factor for new companies.
Are you wondering what are the mistakes to avoid when creating your pitch deck? Your pitch deck can make all the difference in getting your startup funded and giving it the fuel it needs to become what it could be. As with many things in life and business, knowing what to do is only half of the puzzle. Knowing what not to do is just as important. Sometimes even more so. For a winning deck, take a look at the template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.Remember to unlock the pitch deck template that is being used by founders around the world to raise millions below.
Are you at the point where you are wondering how to value a startup without revenue? While the paper value of your company might not be the big end goal, the main focus on a daily basis, or even the most important negotiating point, it can play a big role in many ways throughout the lifecycle of your startup. Few startups start out with revenues. Many take years to build up significant revenue. Some never seem to breakeven. So, what role does value play for your venture? How will others value your company? What can you do to boost revenues and value quicker?
Drew McElroy has helped raise $128M for his startup that is displacing incumbents in one of the biggest business sectors. During our interview on the DealMakers podcast, McElroy shared his journey into entrepreneurship, and from working in the family business to fast-growth startup. He talked about the benefits of moving faster than you think possible, building a network, perfection versus revenues, being smart about choosing investors, and his top advice for other new founders.
What are pre-seed financing rounds? When it comes to getting your startup funded and launched into action, the money doesn’t all just come in a one and done deal. Funding comes in chunks as you progress and the value of your company and proof grows. Your pre-seed may be your most important round. So, how does it fit in? What do you need in order to get money at this stage? What best practices can help set you up for ongoing success?
Jason Guss has raised over $100M for his startup and pulled off a pivot despite challenges coming from all directions. During our interview on the DealMakers podcast, Jason shared how he managed to raise hundreds of millions of dollars for his venture, why his first company didn’t work out, the secrets to finding great business ideas and pitching them to investors, and why to embrace adversity.
Are you wondering how to define your go to market strategy? A good go to market strategy is essential for startup businesses. It can make all the difference in success or failure, and how quickly you gain traction. Aside from the team, you choose to recruit, this is probably the most important factor in ensuring your venture makes it. So, what is a go to market strategy exactly? What difference can it really make? What are the steps for defining it and making the right choices through the process?
Michael Winn has raised almost $100M for his startup. On the way, he’s discovered some of the great secrets and surprises in the fundraising journey and built an important business that is transforming how other companies operate. During our time on the DealMakers podcast, Michael talked about his journey to San Francisco, what he learned from working at Google, riding the capital raising rollercoaster, what you might not know about hiring in startups, as well being ahead of your time, and the most important thing to focus on to create a successful company.
Wondering how to pitch investors and get funded? Whether you really need outside funding to make your big vision a reality, or just see how getting funded may speed up your progress and make things easier, how can you master the process of pitching to get the money?
Michael Cassau has reinvented how we get and use new technology. His startup Grover has changed how we access it, and to make sure having the latest devices can be as financially savvy as it is appealing. During our interview on the DealMakers podcast, Cassau shared his insights from the fundraising journey, tips on balancing debt and equity funding, building a team, and how to get started with a marketplace startup that can scale to over 500k registered users.
As an entrepreneur, you are eventually going to ask yourself how to approach investor meetings and the best way to go about it. Investor meetings are highly important to startup founders. Each one has the potential to get that all-important check or land the lead investor that will make this venture or its next chapter possible. As such, investor meetings can be a source of substantial anxiety and excitement. Most notoriously don’t work out as entrepreneurs hope. Here’s how to tilt that in your favor, optimize your time and effort for results, and never have a bad investor meeting again.
David Poritz‘s fintech startup has already raised $310M to help give small and medium-sized businesses the access to credit and capital they need to survive and thrive in Latin America. During our interview on the Dealmakers podcast, David and I talked about his trailblazing financial technology startup, the differences between startups in the US and Mexico, the post-COVID-19 market for SME credit, and financing, and the most important early moves to make for startup founders.
What are the pros and cons of friends and family financing for your startup business? Friends and family financing rounds are one of the most basic and foundational steps for launching a startup business. However, it can be a very controversial source when doing startup fundraising. Some entrepreneurs don’t even want to consider the idea. Others swear by it as the smartest first step in any venture. So, is it for you? Can you really succeed without it? What are the real advantages and disadvantages?
Jake Weatherly’s startup has raised almost $100M to make it easy for brands to instantly verify eligible teachers, students, the military and hundreds of other consumer tribes for their gated personalized offers. This helps brands like Spotify, Lowe’s, and Target build new relationships with influential customer groups, while mitigating fraud for their exclusive offers. It also allows eligible consumers to receive a benefit in seconds instead of days.
Are you trying to figure out how to get a business loan? Businesses require money. Most entrepreneurs need some money to help get them off the ground. Even when things are going well, funds can be necessary to fill gaps and finance scaling. There are also times when companies want to bulk up on cash and access to credit in order to survive crises and disruptions. Business loans can be a great way to fill this need.
After building and exiting his first company, Andrew Smith has now raised over $50 million to bring important change to one of our most important industries. During our time together on the DealMakers podcast, Smith shared some fascinating insights on the journey to building and scaling a company. We talked about what the best founders spend most of their time doing, uncommon places to find and launch great startup ideas, protecting your progress, smart fundraising moves, and how his latest venture is helping avoid supply chain issues during crises like COVID-19.
What are the different types of financial models? Financial modeling is woven into everything you’ll do as an entrepreneur and business owner or investor. So, how hard is it? What does it take to be good at it? Who should be doing the financial modeling for your organization?
What financial models do? What is the purpose of them for entrepreneurs and startup founders? You are either the type of entrepreneur who loves and thrives on financial modeling, or who just can’t bear to stomach more than a few seconds of it. Regardless of this, you need financial models as an entrepreneur and founder. You at least need to know how to read basic financial models, know what they are for and how to leverage their findings. These are just some of the reasons you’ll use financial models on your entrepreneurial journey.
Jean Nehme has gone from junior doctor to advancing healthcare at scale with his own startup. During our interview on the Dealmakers show Jean detailed his journey from the frontlines of medicine to becoming a tech entrepreneur who has taken a venture full cycle.
Did you bump into one of those things that lead you to ask yourself how to learn financial modeling? Financial modeling can be fun and stimulating. Or it can be daunting. It’s all in how you look at it. Either way, whether you are going to need it whether you are an entrepreneur, founder, CEO, or just aspire to climb these roles. So, what options are there for learning financial modeling? Which is the best method for you?
Chang Wen Lai has built an incredible empire from serving both new and pivoting players to the eCommerce space. His company Ninja Van has already raised $400M in the process and now employs tens of thousands. During our interview on the DealMakers Podcast, Chang Wen Lai shared why he made the leap from a lucrative career in finance to launching his own hit startup, balancing fundraising with dilution and capital, as well as managing big teams, and what’s different about the market post-coronavirus.
Are you thinking about how to build your startup‘s financial model? A financial model is going to be the foundation and north star of your startup business. It’s going to affect everything else you do. How do you get started building one that will fuel your success?
Daniel Wiegand’s electric, vertical take-off and landing startup is set to transform the transportation industry. Given all of the recent events happening around the world, there may be no better time for a new, sustainable mode of mobility that can get us around. During our time together on the Dealmakers Show, Wiegand shared his inspiration for innovating in aerospace, the future of travel, and the fun he has had building and funding an important startup.
Are you wondering what are the reasons why entrepreneurs need financial projections?Some entrepreneurs love math and juggling numbers to create new business plans. Others are far more passionate about the product, sales and just doing the business. Whatever your strengths and interests, it is vital to layout financial projections in advance. Here are just some of the reasons you need them, and how they can help.
Campbell Brown has been involved in several startups. Including raising $32M for one, exiting two of them, and is now helping others grow their businesses. During our time on the Dealmakers Show Campbell Brown shared his journey to Silicon Valley, how he was inspired by scale, the trials of startup fundraising, how startups and talent are different outside of the Bay Area, and what he is working on in-demand intelligence.
What is the best step-by-step approach to financial modeling? Financial modeling is one of the pillars of all businesses and startup ventures. It is an essential ingredient. For those that haven’t been through business school and have practiced it before, it may be intimidating. So, what are the steps for creating financial models to get the results you need?
He Sold His First Startup For Over $3.5 Billion And Now Raised $150 Million To Make Your Home Smarter
Fahri Diner is one of those unique people who has enjoyed being on both sides of the table, as a startup founder and a VC investor. He sold his own company for $3.52B, started a fund with $2B in assets, and has since gone on to raise $150M for a new venture. On the DealMakers podcast, Fahri Diner shared his journey into entrepreneurship, the advantages startups have in this environment, his fundraising strategy, and much more.
I always encourage start-up founders to prepare for the next stage of fundraising as quickly as possible. The pitching process can be complicated and can take time, so it’s great to be ready as quickly as you can. In some cases, entrepreneurs will be given an offer of funds before they are ready for their next fundraising round. This is called a pre-emptive offer. It’s a great sign that you, as an entrepreneur, are doing everything right, but it can also take people by surprise and result in less than desirable investment terms.
Rohit Paranjpe is now on his third company. He has learned a lot of critical business lessons on his journey. Those learnings appear set to enable him to bring connectivity to billions of new internet users worldwide. During our conversation on the DealMakers Podcast, Paranjpe shared his story of accidental entrepreneurship, how to fail hard, and just keep going, being resourceful, and his approach of going for big customers out of the gate.
What is the importance of financial projections in your pitch deck? Financial projections and models still play a crucial role in business plans and planning. You know you need them, but what should they include? What is the purpose and benefit for you and others? How might they have the power to rocket or wreck your business?
Dilip Goswami has raised almost $100 million to make clean air accessible around the world, through his startup Molekule. In our interview on the Dealmakers Show Dilip shared how he made the leap from academia to business, and why. As well as the value he found in startup accelerators, mentors. Plus, how to overcome the challenges of creating a hardware startup and the north star that will make all your decisions much easier.
With a lot of hard work and over $100 million in backing from Softbank and private equity firms in Brazil, Geraldo Thomaz is designing the future of e-commerce and the software that makes it possible. During our interview on the DealMakers Podcast, Geraldo shared his story of becoming an entrepreneur, the journey to being a real CEO, the real work that goes into it, the hustle trap, and how amazing things can happen if you keep sticking it out.
What is a cash burn rate in business? How do you calculate yours? What is its importance in your organization? How can you shrink yours if it is killing your company?
Jack Newton is a wealth of knowledge for other entrepreneurs trying to navigate the current market to startup, fund, and scale new companies. Newton hasn’t just built an incredible startup that employs 500 people. Or has simply raised hundreds of millions of dollars. He did this through some of the most trying economic moments in recent history. During our interview on the DealMakers podcast, Jack shared incredibly valuable insights on when to make the leap, a million-dollar blog post, why you should check your email spam folder, tips for successfully scaling your team, and managing a remote workforce. Plus, your most important job as a founder and fundraising in a downturn.
How do you perform a SWOT analysis to boost your strategic business planning? SWOT analysis is a foundational pillar of any business. From getting started with an idea through closing your exit, you’ll be using some form of SWOT at almost every turn. It’s expected, and done right is very valuable. How can you use it to aid in strategic planning that will improve everything else you do in your business?