Listen "#20. Raising capital for startups: how, when – & what venture capitalists look for in a product"
Episode Synopsis
Season 2: 'Product development', Episode 8Raising capital Is often a key step in the product development cycle of startups. If you need to raise capital, how do you get investors excited enough to Invest in your company? In this episode a venture capitalist, entrepreneur, & product experts reveal how it's done.Guest Bios:Ross Gales (https://www.linkedin.com/in/rossgales/) is Director of Design & Strategy at leading product design agency Pollen. (https://pollen.com.au).Carrie Peters (https://www.linkedin.com/in/carriepeters/) is Product Design Principal at product design agency Us Two. (https://www.ustwo.com.au/)Emlyn Scott (https://www.linkedin.com/in/emlynscott/) & venture capitalist & is the founder of CP Ventures (https://cp.ventures/)Mina Radhakrishnan is founder & CEO of 'proptech' platform Different.com.au (https://www.linkedin.com/in/minarad/) and has worked for Google & Uber.What to listen out for:02:01 How Peloton became one of the most extraordinary growth stories of the decade10: 40 What are the different stages of raising capital?11:40 How VCs screen and filter the tons of proposals they receive19:59 Common mistakes to avoid when raising capital and the opportunities that a lot of founders seem to miss24:14 Why startup founders should be very clear on their value proposition29:34 The key metrics VCs are looking for in early-stage companies31:39 What's the 10X rule? 39:23 Why traction is super important in startups? 43:02 Should you raise capital during a global pandemic?46:57 Buy Now Pay Later Digital Marketing offer from our sponsor 51:40 NERD UNDER PRESSURE - regular segment with Emlyn ScottResources & links:Peloton, Masters of Scale https://mastersofscale.com/john-foley/Peloton story https://www.businessinsider.in/Peloton-is-valued-at-more-than-4-billion-but-CEO-and-cofounder-John-Foley-says-investors-turned-his-pitches-down-for-4-years-These-are-the-reasons-why-he-thinks-they-were-rejected-so-many-times-/articleshow/70897413.cms*****Enjoyed this podcast? >>>> Please SHARE via text or social media ((!))Get in touch with us here: https://nerdsofbusiness.com/contact/You can follow Nerds of Business on socials:Twitter: https://twitter.com/business_nerdsFacebook: https://www.facebook.com/nerdsbusiness/Linked in: https://www.linkedin.com/company/nerds-of-business/This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy
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