The podcast discusses the challenges of raising a Series B funding round during a downturn, negotiation tactics and valuation in VC funding, strategies for hiring and financing in a startup, and tips for raising funds in a downturn.
Building a healthy business with focus on unit economics and strategic decision-making is crucial for raising funds.
Adapting to external events and finding the right investors who align with your vision are essential for successful fundraising.
Deep dives
Dealing with the Challenges of Fundraising
The speaker shares their experience raising funds for their startup CyberSmart and the difficulties faced during the process. They emphasize the importance of building a healthy business, focusing on unit economics, and maintaining control and strategic decision-making capabilities.
Navigating the Deal Process
The speaker discusses their approach to the deal process during fundraising. They highlight the impact of external events such as the pandemic on business strategies and the need to adapt and utilize market shifts. The speaker also shares their experience pitching to multiple VCs, facing setbacks and rejections, and ultimately finding the right investor that aligned with their vision.
Smart Allocation and Key Roles in the Business
The speaker advises on smart allocation of resources, suggesting a focus on maintaining a healthy business, experimenting with limited hires, leveraging existing tech through APIs and micro-acquisitions, and having backup plans in place. They emphasize the importance of investing in teams and the crucial roles of people in finance in navigating challenging times.