DiscoverSeed to SuccessRaising £750k for a SaaS that had no product/market fit
Raising £750k for a SaaS that had no product/market fit

Raising £750k for a SaaS that had no product/market fit

Update: 2024-03-12
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Description

In this episode of Seed to Success, Alastair chats to budding entrepreneur Andrew Jordan who reflects on his start-up journey as a solo founder. His vision for Connect4, a meeting management platform, stemmed from his experience in management reporting and business analytics, although he soon realised there was a lack of passion in his mission.


 


From the importance of embracing failure to navigating challenges in product development and fundraising, Andrew's experience offers a raw and candid look at the realities of starting a tech business and highlights the emotional and financial commitment often made by founders.


 


If you’re an aspiring entrepreneur eager for insights into the complexities of start-up life and the reality of all the setbacks – this one’s for you! Andrew’s honesty and openness make this a must listen for those looking to implement valuable lessons for their own start-up.


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Show notes: 


 


00:00:00 - Intro


00:01:49 - The vision of Connect4


00:03:53 - Transitioning to entrepreneurship


00:06:20 - Impact of 2020


00:11:20 - Personal investment


00:13:38 - First customer


00:15:57 - Fundraising and investment


00:17:13 - Investor confidence


00:22:25 - Reflection and demise


00:26:32 - Tapping into network


00:28:19 - Early angels


00:29:46 - Mentorship and support


00:32:31 - Product challenges and market fit


00:36:50 - Pivoting and restructuring


00:40:31 - Prioritising mental health


00:42:11 - Facing setbacks


00:43:29 - Lessons from an unsuccessful venture


00:47:08 - Key metrics


00:48:20 - Conclusion

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Raising £750k for a SaaS that had no product/market fit

Raising £750k for a SaaS that had no product/market fit

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