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Ep - 6 He raised $21 Million for his startup - Brett Martin, Co-founder, Kumospace
In this episode, we had the pleasure of speaking with Brett Martin, the co-founder of Kumospace, a virtual office for remote and distributed teams. Brett shares his experience of raising a $21 million Series A led by Lightspeed Ventures, highlights the importance of timing your fundraise around an inflection point, and his perspective on fundraising being a VC himself as the founder & GP of Charge Ventures.
Here are the main topics we discussed:
1. The birth of Kumospace during the pandemic: Brett explains how the idea of solving the massive problem around video conferencing came to fruition.
2. The power of product-market fit: We delve into the significance of finding the right fit and how it can determine the success or failure of your venture.
3. Pivoting on the monetization model: Brett shares the challenges and successes of transitioning from one pricing model to another and how it impacted customer satisfaction.
4. Maximizing FOMO for investors: We explore the strategies and techniques entrepreneurs can employ to create a sense of urgency and excitement among potential investors.
5. Predictable growth and fundraising: Learn when it's the right time to start thinking about fundraising and how creating a predictable growth machine can attract investors.
6. The return of the office debate: Brett provides insights into the ongoing discussion about remote work, hybrid models, and the competitive advantage it offers for hiring and retaining talent.
These are just a few of the engaging topics we covered in this episode. Brett's experience and advice are invaluable for anyone navigating the fundraising landscape.
Key takeaways and lessons from the episode include:
- The importance of timing your fundraise around an inflection point.
- The role of product-market fit in the success of your venture.
- The significance of adaptability and pivoting in response to customer needs.
- Strategies for creating FOMO and attracting investors.
- Understanding the dynamics of predictable growth and fundraising.
I encourage you to listen to the full episode for a deeper dive into these topics and to gain valuable knowledge and inspiration to navigate the fundraising landscape.
Links mentioned:
Kumospace website - https://www.kumospace.com/
Follow Brett on Twitter - https://twitter.com/brett1211
Reach Brett on Linkedin - https://www.linkedin.com/in/brettlucasmartin/
Hosted by Jason Kirby - https://www.linkedin.com/in/jasonrkirby/
Thunder website - https://web.thunder.vc
Podcast on Spotify: https://open.spotify.com/show/4OMEcQ3xYrs2K8RFIB4A3U?si=zVI5GcnzSqa7XFjwTMgTjA
Email Jason at [email protected]
Thank you for tuning in to Fundraising Demystified. Stay tuned for more episodes featuring founders and investors sharing their stories and insights.
View all episodes
By Jason KirbyIn this episode, we had the pleasure of speaking with Brett Martin, the co-founder of Kumospace, a virtual office for remote and distributed teams. Brett shares his experience of raising a $21 million Series A led by Lightspeed Ventures, highlights the importance of timing your fundraise around an inflection point, and his perspective on fundraising being a VC himself as the founder & GP of Charge Ventures.
Here are the main topics we discussed:
1. The birth of Kumospace during the pandemic: Brett explains how the idea of solving the massive problem around video conferencing came to fruition.
2. The power of product-market fit: We delve into the significance of finding the right fit and how it can determine the success or failure of your venture.
3. Pivoting on the monetization model: Brett shares the challenges and successes of transitioning from one pricing model to another and how it impacted customer satisfaction.
4. Maximizing FOMO for investors: We explore the strategies and techniques entrepreneurs can employ to create a sense of urgency and excitement among potential investors.
5. Predictable growth and fundraising: Learn when it's the right time to start thinking about fundraising and how creating a predictable growth machine can attract investors.
6. The return of the office debate: Brett provides insights into the ongoing discussion about remote work, hybrid models, and the competitive advantage it offers for hiring and retaining talent.
These are just a few of the engaging topics we covered in this episode. Brett's experience and advice are invaluable for anyone navigating the fundraising landscape.
Key takeaways and lessons from the episode include:
- The importance of timing your fundraise around an inflection point.
- The role of product-market fit in the success of your venture.
- The significance of adaptability and pivoting in response to customer needs.
- Strategies for creating FOMO and attracting investors.
- Understanding the dynamics of predictable growth and fundraising.
I encourage you to listen to the full episode for a deeper dive into these topics and to gain valuable knowledge and inspiration to navigate the fundraising landscape.
Links mentioned:
Kumospace website - https://www.kumospace.com/
Follow Brett on Twitter - https://twitter.com/brett1211
Reach Brett on Linkedin - https://www.linkedin.com/in/brettlucasmartin/
Hosted by Jason Kirby - https://www.linkedin.com/in/jasonrkirby/
Thunder website - https://web.thunder.vc
Podcast on Spotify: https://open.spotify.com/show/4OMEcQ3xYrs2K8RFIB4A3U?si=zVI5GcnzSqa7XFjwTMgTjA
Email Jason at [email protected]
Thank you for tuning in to Fundraising Demystified. Stay tuned for more episodes featuring founders and investors sharing their stories and insights.