Things to keep in mind during fundraising for early stage founders.
1) It is very important to know/understand when is the right time to raise funds. Don’t raise at the last minute else you won’t have any leverage. Also consider there may be multiple ways to increase your company’s cash including debt options
2) In the struggle between balancing funds and growing customers, try to focus on growing customers using any means necessary. Remember if there is growth, funds will follow.
3) During the process of raising funds, anything could go wrong. Don’t rest just because you have a signed term sheet. It’s never over until the funds are in your bank account.
4) Having some kind of leverage is the most important thing while raising funds.
You can have leverage if,
a) your growth is strong
b) multiple VCs are interested in putting money creating competitive situations
c) founders have a history of building successful companies before
1) It is very important to know/understand when is the right time to raise funds. Don’t raise at the last minute else you won’t have any leverage. Also consider there may be multiple ways to increase your company’s cash including debt options
2) In the struggle between balancing funds and growing customers, try to focus on growing customers using any means necessary. Remember if there is growth, funds will follow.
3) During the process of raising funds, anything could go wrong. Don’t rest just because you have a signed term sheet. It’s never over until the funds are in your bank account.
4) Having some kind of leverage is the most important thing while raising funds.
You can have leverage if,
a) your growth is strong
b) multiple VCs are interested in putting money creating competitive situations
c) founders have a history of building successful companies before
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eChai Partner Brands
eChai Ventures partners with select brands as their growth partner, helping them expand market reach, drive revenue growth, amplify brand visibility, and strengthen hiring efforts.
HR Tech and Agencies
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Climate Tech
Blockchain Development
Legal
Investment Banking
D2C Brands
FMCG Food and Retail
HR Tech and Agencies
Marketing Tools
Marketing Automation
Coworking Spaces
Healthcare
Customer Engagement Platform
Event Marketing
Developer Tools
Web and Mobile Development
Creative and Marketing Agencies
Climate Tech
Blockchain Development
Legal
Investment Banking
D2C Brands
About eChai Ventures
eChai Ventures is a global startup network connecting entrepreneurs through local meetups in 20+ cities worldwide, enabling cross-border collaborations via startup panels, demo days, cricket, and pickleball leagues.
Make the most of eChai Ventures network:
- Complete Your eChai Profile It's key for others to discover you.
- Join eChai's Startup Meetups: Register for relevant eChai events happening across cities. Each event will have specific instructions on how to join.
- Discover Startup Folks: Explore and connect with other participants.
- Stay Updated: Follow the eChai feed for the latest updates from our community.
- Explore eChai Partner Brands: Check out our partner brands and how they can support you.
- Showcase Your Startup: Get opportunities to present your startup.
- Get Involved: Engage more and get a chance to volunteer or host meetups.
- Attend Global Events: Participate in events across different cities and countries.
- Find Collaborators: Discover co-founders, collaborators, talent, and business opportunities.
- Build Friendships: Make meaningful connections with fellow startup enthusiasts.
Join the meetups that interest you and start making the most of the community.
If you have any questions or need assistance, feel free to reach out at [email protected].