[SUMMARY] THREE TIPS FOR RAISING A SERIES A, ALBAN DENOYEL
Alban Denoyel, Co-founder & CEO of Sketchfab, share some tips on how he closed a $7m series A.
LEVERAGE YOUR MOMENTUM Do not raise money when you are running out of it. As Eric Paley, Managing Partner at Founder Collective, says, running out of money is not a milestone. Instead, leverage your momentum: growth, key partnerships, hire, product update...
FOCUS ON ONE KEY METRICS It's often tough to have all your metrics performing well at the same time. So focus on one which is both growing really well and is a good definition of what your business is.
BUILD RELATIONSHIPS EARLY Time is the best due diligence. Fundraising is an ongoing process. So identify VCs you like and who like you, and ask for help and intros. It's a great way to get them involved early. Then, keep them updated and continue asking for help.