Early Startup Funding Tips from a Serial Founder
CollX founder Ted Mann shares his experience on validating products, finding the right investors, and applying lessons from previous ventures.
Mann, a serial entrepreneur, believes that delaying capital raising is beneficial. After leading four startups, he has learned that having a product with momentum makes it easier to raise capital.
It’s really hard to raise external capital just based on a vision and a dream. It’s much easier and much better, especially in the consumer space, to have a product in the market that has real traction.
Mann’s company, CollX, raised a $10 million Series A earlier this year, following years of growth. He initially avoided raising outside capital, relying on personal funds and family investments.
Author's summary: Serial founder shares startup funding tips.
- Validate your product before seeking investors.
- Find the right investors for your venture.
- Apply lessons from previous experiences.
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