Secret Leaders

Stride.VC: Funding and Financing During A Pandemic


Listen Later

If you’ve been caught out raising money for your startup during this complicated time, then you’ve come to the right place - you’re in good company. 

In this episode of Secret Leaders we’ve pinned down VC extraordinaire, Fred Destin who is primed to answer not just our questions, but your questions too. Why should you take advice from Fred? Because he’s the founder of Stride.VC, a £100 million seed stage fund focused on operating in London and Paris. 

Before starting Stride, Fred was a general partner at Excel and of the 17 investments he led, 10 have exited and 4 are active value drivers, including 5 companies in excess of $1 billion in value - these include Zoopla, Deliveroo and PillPack. 

His portfolio has a total enterprise value of more than £10 billion, and he generated in excess of £700 million in exit value to investors. All of which makes Fred someone worth listening to if you’re wondering what the hell you’re going to do for money now that the world seems to have shut down.  

Because if there’s one thing we all need right now, it’s someone who is able to give us a direct and honest account of where the funding environment is at today.

“By the way, when we raised Stride, we talked to 420 investors, and we had 1,000 meetings. So I know fundraising for startups is painful, but I mean, I honestly have pitched the same story probably 800 times over”.

We chat about:

  • The reason he’s not investing in new startups currently
  • Revenue based financing
  • The role of VCs and venture capital during a global crisis
  • Likely sources of finance going forward
  • Growth plans for startups experiencing short term rocketing of demand
  • Where founders should be conserving or spending capital
  • Links:

    • http://stride.vc/

    --

    Sponsors

    Vorboss - get better internet: https://vorboss.com/secretleaders

    Vanta - get 20% off security certifications like ISO27001 and SOC2: https://vanta.com/secretleaders

    Vertice - save on your SaaS or cloud spend ($5k off or a free benchmark) using the code secretleaders: https://www.vertice.one/l/secretleaders

    --

    Newsletter

    Sign up here: https://secretleaders.email/

    You can find our historic newsletters here: https://www.secretleaders.com/episodes

    ...more
    View all episodesView all episodes
    Download on the App Store

    Secret LeadersBy Leaders Media

    • 4.5
    • 4.5
    • 4.5
    • 4.5
    • 4.5

    4.5

    20 ratings


    More shows like Secret Leaders

    View all
    Disruptors by Rob Moore

    Disruptors

    114 Listeners

    The Property Podcast by Rob Bence and Rob Dix from The Property Hub

    The Property Podcast

    64 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,505 Listeners

    The Money Podcast by Rob Moore

    The Money Podcast

    21 Listeners

    The Entrepreneur Experiment by Gary Fox

    The Entrepreneur Experiment

    13 Listeners

    James Sinclair's Business Broadcast by James Sinclair

    James Sinclair's Business Broadcast

    4 Listeners

    The High Performance Podcast by High Performance

    The High Performance Podcast

    614 Listeners

    Dodge Woodall by Eventful Studios

    Dodge Woodall

    57 Listeners

    HUNGRY. by Dan Pope

    HUNGRY.

    5 Listeners

    Simon Says by Simon Squibb

    Simon Says

    15 Listeners

    Bad Money by Kindling Media & Vespucci

    Bad Money

    22 Listeners

    Big Fish with Spencer Matthews by Global

    Big Fish with Spencer Matthews

    51 Listeners

    Great Company with Jamie Laing by Jampot Productions

    Great Company with Jamie Laing

    281 Listeners

    Business of Sport by Charlie and Harry Stebbings

    Business of Sport

    13 Listeners

    UNTAPPED by High Performance

    UNTAPPED

    30 Listeners

    The Room Where It Happened by High Performance

    The Room Where It Happened

    4 Listeners