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Fundraising: It’s a Marathon not a Sprint

Fundraising: It’s a Marathon not a Sprint

FromGrit & Growth


Fundraising: It’s a Marathon not a Sprint

FromGrit & Growth

ratings:
Length:
30 minutes
Released:
Jul 19, 2022
Format:
Podcast episode

Description

Welcome to Grit & Growth’s retrospective on a topic that’s on every entrepreneur’s mind: money! Hear from startup and early stage investors in Africa and South Asia about what investors are really looking for, how to vet potential backers, pitching advice, and more. These experts provide practical guidance and strategies on how to secure funding for your venture.Money, money, money. Entrepreneurs can’t stop thinking about it. Which explains why fundraising is such a critical — and ongoing — aspect of their job description.We turned to five experts for their wisdom on all things related to funding:Andreata Muforo, partner at Nairobi-based venture capital firm TLCom CapitalIdo Sum, partner at TLCom CapitalZach George, managing partner at Launch Africa VenturesSandeep Singhal, managing director of Nexus Venture Partners in IndiaPranav Pai, founding partner of 3One4 Capital in IndiaTop Seven Masterclass Takeaways Fundraising should be active, not passive. Andreata Muforo says “It’s something an entrepreneur does, not something that happens to them—which means you can get better with practice.” Cast a wide net when looking for investors. Zach George has a great strategy for getting valuable facetime with busy VCs: “ask for advice and you may get some money, ask for money and you may get some advice.”Early on, it’s less about the numbers, more about the people. According to Sandeep Singh, Seed and Series A funders invest just as much in founders as they do in ideas. “There are many people that want to solve problems, but these are people who are saying, I want to solve a problem at scale. I want to solve a problem with a group of people. I want to have people around me that are equally passionate about building things.”Don’t get too attached to your ideas. Be willing to listen and adapt. Singh looks for founders who are passionate and flexible “if you don't listen, then you are stubborn. And the risk of being stubborn is you can hit your head on the wall and never be able to get across it.”Scale can’t be achieved alone. Pranav Pai advocates for the importance of team. “If the human capital side doesn't keep up, you're almost always going to fail to meet expectations.”Due diligence goes both ways. Ido Sum urges entrepreneurs to do their homework on potential investors. “If you know what we're, after what we're investing in, how could you be relevant to what we have already invested in or to spaces we have looked at, this is extremely beneficial for us to see that you spent this time.”Know how you plan to grow. Be specific. Zach George wants the founder to have the details. “If you give me the, let me talk to my CFO, you've lost me. Like immediately, I've switched off, good founders will say, this is how I get to a hundred million dollars.”Listen to these funding experts and gain valuable insights, advice, and strategies for how to navigate the fundraising journey and establish successful relationships along the way.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 19, 2022
Format:
Podcast episode

Titles in the series (86)

Meet intrepid entrepreneurs from Africa and South Asia, hear their stories of trial & triumph, and gain insights and guidance from Stanford University faculty and global business experts on how to transform today’s challenges into tomorrow’s opportunities. From securing investment and planning family succession, to mindful leadership and managing in adversity, you’ll learn firsthand from entrepreneurs and experts on how to develop the grit you need to grow your business — in times of crisis and calm. Walk away with actionable information, new perspectives, and fresh inspiration to take your business to the next level. Listeners can also take a deep dive into entrepreneurship with masterclass episodes featuring interviews with Stanford faculty and global experts. It’s a unique opportunity to hear about cutting-edge research, get practical business tips, and learn proven leadership strategies from some of the world’s leading thinkers and practitioners.Grit & Growth is brought to you by Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. About The Host: Darius Teter is executive director of Stanford Seed, a Stanford Graduate School of Business-led initiative that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives. Darius has held leadership positions at Oxfam America, the Asian Development Bank and with the US Government where his experience included advising governments on economic policy, developing human rights programming, and financing infrastructure megaprojects across Africa, Asia and Latin America. All the while, he remained intrigued by the human experience and our universal drive towards growth and prosperity.