Jake Soberal has raised close to $100M for his own startup which is spawning a new tech ecosystem.
During our interview on the Dealmakers Podcast, Soberal shared how he made the transition from lawyer to startup founder, the trials and learnings from an 18-month fundraising journey, and how they are empowering others to flourish in the new economy.
From Los Angeles To Fresno
Jake Soberal was born in Los Angeles, California where he grew up through junior high school.
At the time his father was working the night shift as a security guard. When he stumbled on a commercial for learning computers he jumped on the opportunity to upgrade his skills and the opportunities and life he could provide for his children.
That not only led to great growth in his career, and higher earnings, but a big move to Fresno.
While as a teenager Jake says he just wanted to venture out to bigger economic cities like San Francisco or Manhattan, this transition ultimately would become the crux of Jake’s own startup business. Which also happens to be based out of Fresno today.
As far back as he can remember Soberal says he aspired to be an attorney. He could see a path to becoming a lawyer, mayor, governor, and even president.
He was passionate about justice and the idea of courtroom law.
He didn’t end up loving law school that much but was still excited about serving others through practicing law.
So, he ended up working in intellectual property law, helping entrepreneurs who were building their own businesses.
Finding Your Cofounder
It turns out that startups are more about finding a group of people who you really just want to build something with more than just falling in love with a product idea.
That not only includes cofounders but also investors and other key hires.
Jake noticed one local entrepreneur Irma who had been working on some interesting things in tech. She had started several companies of her own, had launched a coworking space, and even a coding competition.
He sought her out to become a client of his legal practice. He dug in and got involved in this coding competition too.
Before long Irma and Jake realized that they had a very similar ideal of the future for Fresno, California. They gelled, and wanted to build something together.
So, they began putting more thought into how they could build a company that creates the future they wanted to see in their city. They began spending nights and weekends putting their minds into it, and how they could find the money to do it.
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