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You don’t need to raise VC to build a business with big impact, *even in a market that has heavily VC-funded players*.
Case in point: Excalidraw is an open source alternative to Miro. Excalidraw is bootstrapped and revenue-funded, Miro is VC-funded ($476M raised).
Miro just added a comparison page to Excalidraw - meaning that they saw enough demand for people searching for Miro vs Excalidraw that they added this page.
If you are a founder raising venture capital, this is the #1 resource you need.
100 pitch deck teardown's by Haje Kamps on TechCrunch. You can see decks that actually raised funding rounds like yours. It's a great way to see how different companies tell their story.
1. Check out decks that raised a similar amount to what you are raising.
2. Check out decks that had similar business models
3. Check out decks that had similar hurdles to overcome
How did they tell their story?
https://lnkd.in/g36k_xs7
Imagine raising $15.4million with no pitch deck & no roadshow in under a month... Well no need to imagine, with over 40 VC interested in ZELIQ, we’ve gone and done it!
What an incredible milestone for our team! 🎉
This latest round was led by Exor Ventures, with great support from Resonance as well, combined with our previous raises, that brings our total funding to a staggering $15.4 ($5.4M pre-seed round + $10M seed) million in less than a year. Absolutely mind-blowing!
We're so grateful to our investors for their confidence in our vision and product. 👏
This funding will be a game-changer, allowing us to double down on making our revenue workspace the best it can possibly be.
More features, more market expansion, more innovation coming soon….
Expect many more exciting things ahead as we take ZELIQ to new heights, we're just getting started! 📈
Stayed tuned for updates, and thanks again to everyone who continues to believe in us. 🙏
📽 Wanna see what we have achieved this 1 year? Watch our quick 50 seconds video below:
https://lnkd.in/ePu4MKSD
Most SaaS businesses who want to expand internationally will raise money first, before setting foot on the ground.
At Luzmo, we did the opposite by starting our US entity in 2019, before raising our seed round. And here’s why I’d do it the same way again:
💵 With limited means, we were able to prove first traction in the US market, which gained immense trust with investors.
🚤 By testing out the waters upfront, you increase your chances of success. Once you’ve raised capital, you can rely on tried-and-tested playbooks and grow even faster.
💪 Our first wins were the hardest to get, but the most rewarding. It boosted confidence in our expansion plans, without pressure or expectations from investors.
Curious to hear your take on expansion: what has (not) worked well for you?
P.S. Picture below is from one of our first business trips to NYC (long before our rebranding). Time surely flies fast! 😉
#saasgrowth#goingglobal#fundraising
Got an idea? Just raised $0.00 in pre-seed? 😎
Your unicorn journey starts here. 🦄✨
VentureAdvisor.ai: The advisor you’ll never argue with.
From Idea to MVP, GTM to PMF, and beyond, we’ve got you covered (no equity required).
Join the waitlist before your future VC asks if you’re on it! 🚀
Waitlist: ventureadvisor.ai/waitlist#VentureAdvisorAI
Founders, Quick question I was debating the other day.
What is better scenario to be in currently?
1. Raised a seed round at peak 2021 valuations, so may struggle to raise in the future at a higher valuation unless you at smashing it. You hold more equity as a founder
2. Raised a seed round lower valuations in 2022 onwards so have more chance on raising in the future. Holding less equity as a founder than if you raised in 2021
Would love to know your thoughts.
oh wow 😯 this is true success story?
There are millions of tactical steps in between 3 signup customers to thousands paid users.. the true entrepreneurship is to bring product to the market, beyond building the product itself.
#grinding#founders#startups#accelerators#YCs#paidusers#fundraising#funding
Last year, we got into YC and raised $3m. But when we launched VectorShift, we only got 3 signups.
No one cared.
People often think that raising money and getting into a prestigious accelerator are the hallmarks of success as a founder.
It is far from it.
There are millions of tactical steps in between. This past year:
I did sales
I did customer support
I did marketing
I did interviewing
I did product QA
I did client deployments
I did legal and compliance
I did bookkeeping
And more
Many people think being a founder is about raising money, setting the high-level strategy, and giving the team instructions from an ivory tower.
The reality is doing whatever it takes for the customer to have a better experience and to solve their pain points.
10+ launches later (and many more failed ones), we now have thousands of paying customers and tens of thousands of users.
There are still millions of more steps left, but we are excited to continue on this journey with our customers.
Golden words “doing whatever it takes for the customer to have a good experience and solve pain points”. Having been in the startup world long enough, it surprises me how founders concentrate more on funding (or funder network) rather than understanding how to make their customers sticky.
Please work on your Product and Customers - funders will follow (take this from an angel investor who invests regularly)!
#founders#investors#gotomarket#angelinvestor
Last year, we got into YC and raised $3m. But when we launched VectorShift, we only got 3 signups.
No one cared.
People often think that raising money and getting into a prestigious accelerator are the hallmarks of success as a founder.
It is far from it.
There are millions of tactical steps in between. This past year:
I did sales
I did customer support
I did marketing
I did interviewing
I did product QA
I did client deployments
I did legal and compliance
I did bookkeeping
And more
Many people think being a founder is about raising money, setting the high-level strategy, and giving the team instructions from an ivory tower.
The reality is doing whatever it takes for the customer to have a better experience and to solve their pain points.
10+ launches later (and many more failed ones), we now have thousands of paying customers and tens of thousands of users.
There are still millions of more steps left, but we are excited to continue on this journey with our customers.
Millions raised through VCs.
$5K raised in 24 hours on launchpad. Why?
People are getting a lot smarter as time goes on.
Create an opportunity, not a problem.
I also highlight a budget hole for them of $250K+ due to this failed raise.
Liquidity for the DEX has to come from somewhere.
It'll likely come out of their pockets.
🚀 Follow Tony Drummond to learn all about web3
----
Why listen to me?
– 3,500+ hours experience running projects in web3
– Scaled my project to 75,000 holders in 3 weeks
– Made every mistake in the book
– Learned from near all of them
– Follow me to avoid them
Last year, we got into YC and raised $3m. But when we launched VectorShift, we only got 3 signups.
No one cared.
People often think that raising money and getting into a prestigious accelerator are the hallmarks of success as a founder.
It is far from it.
There are millions of tactical steps in between. This past year:
I did sales
I did customer support
I did marketing
I did interviewing
I did product QA
I did client deployments
I did legal and compliance
I did bookkeeping
And more
Many people think being a founder is about raising money, setting the high-level strategy, and giving the team instructions from an ivory tower.
The reality is doing whatever it takes for the customer to have a better experience and to solve their pain points.
10+ launches later (and many more failed ones), we now have thousands of paying customers and tens of thousands of users.
There are still millions of more steps left, but we are excited to continue on this journey with our customers.
Co-founder @ Ponyrun
10moI love excalidraw and its simplicity. Love seeing it get some attention