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How to build a fundraising strategy with Taylor Black, Venture Partner, Forum VC & Principal Program Manager - Incubation & EIR Programs, Microsoft - Shared screen with speaker view
Taylor Black
13:37
https://docs.google.com/presentation/d/14kttawjTFPQHKad1tRIABmpAG44NbN9EkqrqDBjO_lk/edit?usp=sharing
Savina Hawkins
27:16
Hi! I had some questions1. If you end up running a competitive process, how do you politely navigate accepting / rejecting / negotiating term sheets?2. Is there any reason not to use post money safes?3. What dilution should you shoot for each round? People say 20% seed 20% series A but curious what a “good” result looks like.4. Say you’re raising seed to get to 1M arr, but flash forward… and things don’t go as planned and you need to raise an extension to lay more track in front of the train to get to series A. For example, Let’s say the recession hits in early 2023 and that messes up your sales. How do you position that kind of round?
Propel
28:41
Awesome questions, Savina - we can work throughj
Savina Hawkins
29:56
Yay!
Savina Hawkins
31:45
Hahaha it’s like a nice break up! 😂🙌
Propel
32:09
Anti-ghost text equivalent
Mohamed iPhone
36:27
Hi Taylor, thanks for taking the time to do this! Quick question, if you’re at the early stage of a concept and you’re a first time founder do you recommend trying to get into an accelerator or does it make more sense to try to build an mvp first and bootstrap?
Savina Hawkins
37:30
🙌 thank you!!
Propel
38:20
here's the deck if you arrived late! https://docs.google.com/presentation/d/14kttawjTFPQHKad1tRIABmpAG44NbN9EkqrqDBjO_lk/edit?usp=sharing
Jared AF Scheib
39:20
i've got a couple of questions after this one 🙏🏼
Abigail K-B
39:59
How would you frame some red flags or tells that a founder needs to stop bootstrapping and raise, when they are post-revenue?
Propel
40:05
https://www.propel.run/blog/accelerators-in-review-startup-founders-on-the-usas-top-accelerator-programs
Propel
40:20
happy to connect any of you with founders that have gone through all the accelerators listed above!
Emily Persky
40:31
We're in an awesome accelerator right now @Mohamed if you ever want to chat about it!
Propel
40:33
*any of them (no one went through all of them 😅)
Propel
41:09
Savina also went through a program, Visible Hands
Propel
41:15
thank you for offering, Emily!!
Mohamed iPhone
45:46
Awesome thanks guys!
Propel
01:05:05
taylor@fizzy.ventures
Samir Pendse
01:05:34
Thanks a ton Taylor, this was great!
Albert Lin
01:05:40
thanks!
Propel
01:08:25
you can use Heap or other tools to pull those insights
Propel
01:08:34
Google Analytics has some info too
Abigail K-B
01:15:01
Thank you, Taylor!
Mohamed iPhone
01:15:34
Thanks Taylor!