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
.jpg)
The eChai Effect - In Their Words
“I have no hesitation in saying that my association with eChai has been a gateway into the startup ecosystem. Through this platform, I’ve had the opportunity to connect with many young and dynamic entrepreneurs. These interactions have been immensely enriching - I’ve learned a great deal and have always tried to offer guidance whenever approached. It’s a truly symbiotic relationship that I deeply value, and it wouldn’t have been possible without eChai.”
Syed Nadeem Jafri
Founder, Hearty Mart
"We found eChai to be a force multiplier throughout our startup journey. Through it, we connected with folks from DevX, Allevents, Plutomen, and more - many of whom became friends of IndiaBizForSale.com and even part of our clientele."
Bhavin S Bhagat
Co-founder of Indiabizforsale and IBGrid, TiE Ahmedabad President
"eChai is playing biggest role in my personal and professional life together. Its a community where i meet like minded people to share idea and learn from their idea. Even while playing cricket i learn something and i implement something new from that learning. Its my entry point for building network in different countries where my base is not established yet. Personally my only fun activity day in a week is eChai cricket and social."
yash shah
Chairman, ES Group of Companies
eChai Partner Brands
eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.
