Rise and Play Podcast
124. What I Wish I Knew Before Fundraising in 2024
May 21, 2024
Sophie Vo, Founder of Rise and Play and CEO of Kylan, shares valuable advice on fundraising: start by bootstrapping, have a strong founding team, and be critical about your business like an investor. Insights on mistakes to avoid before fundraising with VCs are provided. The episode also discusses empowering women in gaming, self-reflection on pitching, and future directions.
31:45
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Quick takeaways
- Start by bootstrapping instead of relying solely on VC/fundraising for a strong foundation.
- Have a founding team who can build the product and be critical about your business like an investor.
Deep dives
Understanding Fundraising and Pitching
Fundraising involves the process of raising money from various sources, while pitching focuses on presenting your ideas to stakeholders who can influence your business's future. In the competitive landscape of 2024, fundraising has become challenging due to increased competition, lay-offs leading to more entrepreneurs, and VCs having a higher deal flow. Entrepreneurs need to focus on building a clear business vision and answering crucial questions to pitch effectively in this environment.
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