This Week in Startups How to secure follow-on investment for your startup (FounderU) + Ask an Angel with Zach Coelius | E1264
Aug 12, 2021
Zach Coelius, an early-stage seed investor, joins to unravel the secrets of securing follow-on funding for startups. He shares essential insights on the traits that define successful founders and highlights common red flags that investors watch for. The conversation dives into the challenges of due diligence that can lead to startup failures and explores strategies to strengthen investor relationships. With tips for aspiring entrepreneurs, this discussion is a goldmine for navigating the complex world of startup funding.
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Opportunistic Notes
- Instead of bridge rounds, consider opening a note at a higher valuation if the company grows after a successful round.
- This allows new investors to participate at a premium, reflecting increased value.
Technical Co-founder Importance
- Prioritize having a technical co-founder early on for long-term success.
- Outsourcing development can lead to challenges in adapting and iterating on your product.
Focus on Fundamentals
- Focus on building a great product, team, and customer delight.
- Don't get caught up in trying to change intangible personality traits.