This episode originally aired in February 2024 and quickly became one of the most popular episodes of The Journey. Whether you're tuning in for the first time or revisiting this conversation, this episode will help you make informed decisions in your business!

 

Ever thought about raising venture capital for your business? In this episode, Morgan DeBaun breaks down everything a founder should know before diving into the venture fundraising process, sharing her invaluable insights from the perspective of both a fundraiser and an investor.

 

In this episode:

00:00 Introduction to Venture Funding

00:10 Should You Raise Money?

00:48 Understanding Angel Investors

02:55 The Importance of Traction

05:23 Navigating the Seed Round

06:44 Legal Considerations and Mistakes

08:29 Painting a Big Vision

10:57 Executing Your Plan

11:48 Hitting Milestones and Fundraising Timelines

12:31 The Importance of Momentum

13:31 Series Seed and Extensions

15:16 Navigating Series A

17:29 Series B and Beyond

19:19 Balancing Operations and Fundraising

20:56 Final Tips and Resources

 

First up, Morgan dives into a crucial question: Should you even raise venture capital for your business? Spoiler alert: More often than not, the answer is no. But for those who do opt for the fundraising path, Morgan warns that the venture capital journey won't be easy.

 

Through the episode, Morgan breaks down the phases of venture funding, from the Friends and Family and Angel Round to the critical Seed Round, all the way to the Series A, B, and C Rounds and beyond. She shares the benefits and challenges of each round and highlights what founders should pay attention to as they navigate the process. Morgan shares what she looks for in the entrepreneurs she chooses to support as an angel investor: resilience and grit. It's these qualities that often make the difference between success and failure in the cutthroat world of startups. Not sure if venture funding is the right choice for your business? After you listen to the episode, check out Morgan's workshop [link below] which will help you decide if fundraising is the appropriate next step for your startup. Make sure to subscribe to the podcast and leave a rating and review!

 

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Produced by MicMoguls.