Jonathan Siddharth shares his unique approach to raising a seed round, including tips on how to reap the benefits of it.

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Jonathan Siddharth of Turing.com

What’s the key to raising capital? According to Turing co-founder Jonathan Siddharth, it’s breaking the traditional fundraising mold.

Prior to launching Turing, Jonathan and his co-founder, Vijay Krishnan, founded another company called Rover, for which they employed the more standard fundraising approach, which Jonathan refers to as serial fundraising. With this method, they first dedicated 100% of their time to building out the company completely. Then, when they had about eight months of runway left, they transitioned 100% to funding mode.

After Rover was acquired in early 2017, Foundation Capital asked Jonathan and Vijay to be entrepreneurs-in-residence. While there, they came up with the idea for Turing, a platform that helps companies hire pre-vetted remote developers. When raising Turing’s $14 million dollar seed round, they decided to do things differently. …


Neighbor’s Joseph Woodbury shares three pieces of advice on how to raise capital — from integrating yourself into the local ecosystem to being able to change your plans on a moment’s notice.

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Joseph Woodbury isn’t afraid of risks. It’s quite the contrary, in fact.

Taking well-thought-out chances is exactly how he and his two co-founders — Preston Alder and Colton Gardner — launched and raised money for their startup, Neighbor, an online marketplace people can use to store their items.

Before college graduation, all three had secured full-time jobs. But, plot twist: They ended up turning down their offers, choosing to dive full force into making Neighbor into something big.

The idea for Neighbor came from Preston, who became frustrated when his only storage option was 30 minutes away, in a sketchy industrial park, and way out of his budget. Instead, he chose to keep his stuff in a friend’s garage. …


NeuroFlow’s Chris Molaro shares what it takes to overcome obstacles and raise capital

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Source: Neuroflow website

Over 140 investors turned down Chris Molaro when he was raising the pre-seed round for NeuroFlow, the healthtech company he co-founded. But he persevered. Eventually, he and his co-founder, Adam Pardes, secured slightly more than their $1 million goal.

Chris’s ability (and willingness) to push through a slew of disappointing rejections is likely due to his military experience and a mission that hit very close to home.

Prior to starting business school, Chris spent nine years in the U.S. Army. At age 22, he became a lieutenant and platoon leader and was deployed to Iraq for a year. When his unit returned to the states, one of Chris’s soldiers tested positive for sleep issues and PTSD. …


Precursor Ventures’ Charles Hudson shares his top tips for raising capital for an unconventional, out-there idea.

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Source: Precursor Ventures

The best startup ideas often come from entrepreneurs who have noticed gaps in the market that others have missed. But sometimes, ideas can be ahead of their time or a little too edgy to convince investors — in those cases, fundraising can be even more of an uphill battle than usual.

That was certainly the case for Charles Hudson, founder and managing partner at Precursor Ventures.

Back in 2014, Charles was working at seed-stage venture firm Uncork Capital, and noticed an unsettling trend in seed investing: Seed rounds were getting larger and larger, growing from an average $1.5 million a round to closer to $3 million. …


Springboard’s Gautam Tambay shares four pieces of advice on how to raise capital

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Image credit: Springboard, Inc.

Starting a funding round during a global health crisis is far from ideal — especially because its impact on consumer behavior and the economy can be quite unpredictable. But Gautam Tambay and Parul Gupta, co-founders of online education startup Springboard, didn’t let the pandemic stop them.

Between April and early August 2020, they raised $31 million dollars for their Series B round. Prior to that, they had multiple SAFE (simple agreement for future equity) notes, followed by a Series A and a post-Series A, which Guatam says was a chance for Series A investors to “top up” their investments. …


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TL;DR: One key ingredient to every successful fundraising round? Momentum. Nathan Beckord, CEO and co-founder of Foundersuite.com, shares how to structure your round to maximize momentum.

For many startups, the difference between a successful funding round and a lackluster one comes down to one key element: momentum. There’s a direct correlation between success and probability of raising capital and the momentum you’re able to garner for your deal.

As a startup, momentum can mean different things at different points along the fundraising journey. In the early stages, momentum might mean lining up multiple investor meetings a week or having 100 investors in your funnel. …


A behind the scenes look at raising capital for Hustle Fund

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Elizabeth Yin is one of the more interesting VCs operating today. Before she co-founded Hustle Fund, she reviewed over 20,000 pitch decks as a partner at 500 Startups. (One of those was mine — although she didn’t invest.) I checked in with her recently while surveying new funds, and she had some fascinating things to say about how to effectively fund extremely young startups.

While at 500 Startups, Yin noticed a gap in the funding process: investors were mainly interested in investing in founders who already had a steady flow of revenue or product-market fit. …


How to Pivot Your Fundraising Plans During the Coronavirus Pandemic

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Every startup founder is used to fielding a curveball — or three — when fundraising.

But no one could have anticipated the impact COVID-19 would have on funding in 2020.

For founders planning a raise in the near future, there are reasons to be concerned — but fortunately, there are also reasons to be optimistic. Plus, there are several tangible steps entrepreneurs can take right now to help out a future raise.

Let’s start with the bad news.

Here’s why fundraising is harder today

Experts predict an economic recession that could last anywhere from a few months up to two years. Due to the downturn, venture capitalists are spending most of their time working with their portfolio companies, making sure they have enough runway to stay afloat. …


A conversation with Vik Sasi, a Partner at Dreamers VC

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What do you get when you combine an A-List Hollywood entertainer, a record-breaking Japanese athlete, $56 million and a crop of hopeful entrepreneurs?

Investment firm Dreamers VC is betting it’s a recipe for success.

I got a chance to chat with Vik Sasi, a Partner at Dreamers VC while researching how new venture firms get started. Dreamers was co-founded by actor Will Smith (via the Smith Family Circle) and Japanese soccer player Keisuke Honda as an early-stage venture capital firm based in Los Angeles.

The firm closed its first fund in 2018 and now backs a portfolio of 51 companies across industries ranging from biotech to gaming with a focus toward improving lives through emerging technologies. …


How Frank Reig raised venture funding for his quirky electric moped startup.

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For first-time fundraisers, finding the right investors can be tough.

When co-founders Frank Reig and Paul Suhey started Revel, an all-electric moped rideshare company, in 2018, they knew they had a good idea on their hands. But things only began to click on the funding front once they zeroed in on investors in the transportation space.

Before starting Revel, neither co-founder had experience with fundraising or launching a startup. The idea for the company was sparked during a December 2017 visit to Argentina. …

About

Nathan Beckord

CEO of www.Foundersuite.com. Fanatical about helping startups raise capital. Sailing and motorcycle junkie.

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