Multi award-winning fintech startup co-founders, Loral and Eishel Quinn of Sustainably, join the Vicky Brock to discuss fundraising and investment challenges with the Entrepreneur Agony Aunt. We talk frankly from the founder's perspective on finding a lead investor, angels, VCs, corporate venturing, the importance in doing your due diligence on potential investors and the challenges of getting investment over the line in a time frame that that doesn't harm your business, when you're the only ones feeling the urgency.
In a very frank monologue episode, Vicky urges entrepreneurs to pay themselves more and dives into the when, what and how to plan for a salary and the things people don't tell you about startup founders personal finances (or lack of them). Clearly, on a roll, and without pausing for breath, Vicky also covers financing your startup in desperate times, what worked and didn't work for her as her company faced running out of money, and what to do and not to do when there are only a few weeks of cash left in the bank.
More founders lose out on startup investment because they handled their Q & A badly than at any other point in the pitching process. Evelyn McDonald, is CEO of the Scottish Edge fund, an investment competition that awards roughly £1million per round, with maximum investments of £150k per young business. Our discussion covers what question you can expect to be asked by investors, how to prepare, why the Q and A is so important and what founders need to do and say ensure to have the best chance of getting funded.
I thought the episode so useful for entrepreneurs who're pitching for money that I've had it transcribed here: https://goo.gl/WLjtUA
Equity investment, knowing your value and the importance of raising enough money to fuel your startup for 18 - 24 months of growth. Global Invest Her founder Anne Ravanona and Vicky Brock urge a high potential female founder to think big and ask for more money.
Funding from debt, crowdfunding, equity and desperation financing for smaller and early-stage startups with Anne Ravanona, CEO & Founder of Global Invest Her, a global community and platform that helps women entrepreneurs get investment-ready. Speaker, writer and advocate, Anne is an expert in demystifying fundraising and she joins Vicky to answer two listeners' funding questions, and to discuss Vicky’s personal experiences of raising angel investment, grant and debt funding. This blog post on desperation financing expands on some of the other themes touched on in this episode: https://goo.gl/D1o5hE