Wazel Brothers Build
Rapid intro to fundraising for your startup | Ep. 16
Episode Summary
Brandon walks Adam through the basics of fundraising and what he needs to raise for Codex. Adam understands about 60% of it.
Episode Notes
- Moving is very distracting
- Codex has a landing page. Adam critiques it on air.
- Brandon got slammed on his pitch deck. Walks through some of the highlights.
- Us Canadians should brag more.
- Brandon explains how to set up a fund raise. Adam understands about 60% of it.
- How much Brandon wants to raise for Codex. Secures a commitment for his "first cheque".
- Adam does not think working alone is his ideal scenario. Has been thinking a lot about how to work with others.
- Feelings of frustration at how slow things move when you are the only person building.
- Hack Day with Brandon and Adam on a new project idea for Sword & Source. Further proof that working with a partner makes Adam go faster.
- Warning: Avoid fundraising unless you are in a position of strength. Have a product with traction.
- When fundraising you need to do it before you have any revenue OR after you have solid revenue. Raising when you just started getting revenue won't work.
- Venture Deals by Brad Feld is the only book you'll ever need to buy for fund raising.