♞ Fundraising Questions to Prepare (Part 4/4)

In partnership with

Over the next two weeks, I am going to have a 4-part mini-series where I go through the fundraising questions that I hear most often, so that you can make sure that you have an answer to each of these questions. Today we are going to focus on questions about your Fundraising and next steps.

Fundraising

• How much are you raising?

• What is your valuation?

• How much have you raised?

• What was your last valuation?

• Who are your existing investors? What do they bring aside from money?

• Do you have any dead space on your cap table?

• How much do the founders own? Is this enough to keep you incentivized through to an exit?

• How much is commited in this round?

• Have you set the terms for this round?

• Do you have a lead investor?

• What is your burn rate? What is your runway?

Next Steps

• What is your top priority in the next 3 months? next 6 months? next year?

• What milestones will you hit with the funding secured?

• How will the funds be spent?

• What metrics will you use to measure the growth/success of the business?

• What is the breakdown of your existing costs? What will your costs look like in 12 months?

• How much will you need to raise in your next round? When do you expect to raise your next round? What valuation do you expect to raise that round at?

Are you looking to grow your business? Here is how I can help:

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Onwards and Upwards,

Liam Gill