The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People 🎧🔥

Ep.516 ~ Strategies on Raising $500 Million ~ Punit Dhillon

Aug 18, 2021
Punit Dhillon, the Chairman and CEO of Skye Bioscience Inc., shares his remarkable journey from surviving a near-drowning at age nine to becoming a biotech powerhouse. He reveals the strategic insights that helped him raise over $500 million, including overcoming rejection and perfecting investor pitches. Dhillon emphasizes resilience as a crucial trait for success and draws parallels between athletic discipline and entrepreneurship. His tips for aspiring fundraisers highlight the importance of networking and preparation for effective capital raising.
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INSIGHT

Fundraising Has Many Tiers Today

  • Capital raising has more vehicles and tiers now, so match the funding type to your stage and risk profile.
  • A proven track record and network still determine access to larger investors.
ADVICE

De-Risk Before Approaching Big Investors

  • Show a clear development path and de-risk your product to attract the right investor tier.
  • Target investors aligned with your stage instead of pitching top-tier funds too early.
INSIGHT

One Lead Investor Can Build Momentum

  • Credible institutional investors create momentum: one reputable fund can attract follow-on capital.
  • Work the investor ladder: small private rounds, then hedge funds, then premier healthcare funds.
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