Raising capital is a full time job and if you don't do it right, you can drive your company into bankruptcy.
This is what happened to me after 3 years of building our company.
I spent the last 5 months (Sep 2020 - Jan 2021) trying to raise our Seed Round of $500k without success.
I met with 100+ investors had nearly 300 meetings and only got commitments for $250k.
Our startup Trybu.mx went almost bankrupt after 3 intense years of hard work, iterating, and trying to find product-market fit.
If I had only done ONE thing differently, I would not be writing this post today.
If you'd like me to share all my learnings, please upvote or comment and I will let ping you when my next post is done ready.
Thank you and I hope my learnings can help you get through your fundraise!
I've never seen preselling a blog post 😅 Good on you.
Haha thanks @nabati
I want to make sure I share valuable content/experiences.
Will tag you on my next post!
Cheers
I would like to know... I like your mvp post to figure out traction 👏🏼
Thank you @fabi_bo 🙌
Will definitely tag you on my next post. Thanks for your interest!
You are now to a lot of expectation hope you don't mess up after that 😁
Ha! How does the saying go? "Be careful with what you (I) wish for?"
Will make my best effort to add value @diealvarado :)
Por favor Lalo!! Fuera muy valioso!! Un abrazo!
Claro que sí! :)
please update me too, I am keen to hear more and share my similar experience.
Sadly this is common. A big problem is we all leave it too late. In small startups there are not enough people, e.g. 2 people: 1 coding, 1 selling. so who does the raising!?
Thank you, @steveprocter for your interest! Would love to hear you experience, too!
Time is our most valuable resource. That's exactly why I say that if you don't raise capital the right way, you can drive your company into bankruptcy :(
This is reality!
Second most. common reason startups fail is "they run out of cash"
Link to source: https://www.cbinsights.com/research/startup-failure-reasons-top/