Not My First Guess cover image

Not My First Guess

From Pitch to Payday, The Hidden Costs of Fundraising: Featuring Sam Simpson

Jul 15, 2024
Sam Simpson, co-founder of FounderCatalyst, shares insider tips on SEIS/EIS, lessons from exiting tech startups, valuing early-stage startups, and navigating fundraising complexities. He discusses finding the right investors, angel investments, and what puts him off deals, offering actionable advice for all founders.
01:00:46

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • VC funding may not be suitable for all businesses; bootstrapping can lead to sustainable growth.
  • SEIS and EIS tax schemes offer benefits to investors supporting early-stage startups.

Deep dives

The Decision Between VC Funding and Bootstrapping

Entrepreneur Sam Simpson discusses his preference for bootstrapping over VC funding, highlighting that less than 1% of businesses are an ideal fit for VC investments. Simpson emphasizes the importance of having product-market fit and substantial growth potential for VC funding to be viable. He shares how some businesses could benefit from bootstrapping initially to achieve steady and sustainable growth, showcasing his own journey of bootstrapping after an exit.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode