We Live to Build Don't fundraise $80M for your startup like Benn Stancil | WLTB Podcast #61
Benn Stancil is the Founder and CEO of Mode Analytics. After working at Yammer and going through their acquisition to Microsoft, Benn left and started Mode with a few co-workers in 2013.
To date, Mode has raised $80M USD, and Benn is going to share with us how raising money from investors changes yourself, your team, and your business.
00:00 - Guest Introduction
01:35 - Get to know Benn
03:28 - Challenges Benn faced in fundraising
10:16 - Preparing for each fundraising round
13:30 - Data Rooms for potential investors
17:06 - How do you know if you have the right investors
23:06 - How does having investors changed the company
25:36 - Establishing a board of directors
30:37 - How do relationships change internally after being funded
33:48 - How Benn changed throughout the years
36:30 - Follow up with Benn
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