"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech

E7: The Dealmaker’s Secrets: Steve McLaughlin on Crafting a Fundraising Story Worth $33B, CEO of FT Partners

May 16, 2024
Steve McLaughlin, CEO of FT Partners, shares his secrets for crafting fundraising stories that unlocked massive rounds like $33B for Revolut. Topics include storytelling, importance of product over marketing spend, founder red flags, and more in the high-stakes world of capital raising.
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INSIGHT

Valuing High-Growth Tech Is An Art

  • Valuing high-growth private tech is uniquely hard because future potential is opaque and not comparable to traditional assets.
  • Investment banks help founders translate nuanced long-term visions into investor credit and pricing.
ANECDOTE

Revolut Raised $1.25B To Hit $33B

  • FT Partners raised $1.25B for Revolut at a $33B valuation a year after a $5B round.
  • That extra capital materially changed Revolut's trajectory and capabilities.
ADVICE

Document And Iterate Your Fundraising Story

  • Write down your full conviction and nuanced product insights so others can read and understand them.
  • Build your fundraising narrative like software: iterate, add modules, and prove assumptions with data.
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