Ep-1 He raised an oversubscribed Series A of $11 Million - Jeff Beck, Co-founder, AnswersNow
Description
We are excited to announce the release of the latest episode of Fundraising Demystified! In this episode, Jason Kirby talks to Jeff Beck, CEO and co-founder of Answers Now. Jeff, a licensed clinical social worker, shares his experience of raising an oversubscribed Series A of $11 million for his platform that enables support for autism.
Here are the main topics discussed in the episode:
- Jeff's fundraising journey for his healthcare startup
- Tips and tricks for fundraising, including building relationships with VCs as a first-time founder and diligencing potential investors
- Insights into the fundraising landscape and how to succeed
- The complexity of Jeff's business and how they have been able to successfully improve outcomes without the need for in-person visits
- The lessons learned from the convertible note structure
- The challenges of balancing fundraising with running a business
- Tips for founders seeking to raise funds
Here are some key takeaways from the episode:
- It's important to have a clear idea of how much you want to raise and what you want to use it for
- Focus on telling a strong, compelling story to attract investors
- Pay attention to body language when meeting with investors
- Understand the motives behind investor decisions and be prepared for the unexpected
- Focus on building strong teams, being transparent with customers, and prioritizing mental health
Links mentioned:
AnswersNow website: https://getanswersnow.com
Write to Jeff at jeff@getanswersnow.com
Hosted by Jason Kirby - https://www.linkedin.com/in/jasonrkirby/
Thunder website - https://thunder.vc
Email Jason at jason@thunder.vc
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