Founding a Company and Fundraising Insights

Sep 20, 2024

Lecture Notes on Starting a Company and Fundraising

Introduction to the Company's Founding

  • The company was founded in response to dissatisfaction with shows like "Shark Tank."
  • The founders wanted to create a more authentic representation of how founders close deals with investors.

Initial Goals and Emotions

  • The initial goal was to create a cool podcast.
  • The speaker expresses emotional involvement, mentioning they might cry, which is unusual for them.

Audience and Reach

  • The show attracts hundreds of thousands of listeners monthly.
  • The audience primarily consists of entrepreneurs, investors, and tech executives.

Current Fundraising Efforts

  • The company is currently raising $500,000.
  • Describes this fundraising round as a pre-seed.
  • The valuation cap for this round is set at $5 million.
  • Invitation for potential investors to join the journey.

Intended Use of Funds

  • The speaker briefly touches on questions about how the funds will be used, indicating future plans and needs for the investment.

These notes provide a summary of the key points discussed in the lecture about the company's founding motivations, current audience, and fundraising activities.