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It's been 6 months since I made the decision to talk to a stranger every day. A proper conversation. Because I heard Dan Martell saying at one point "Never eat alone." Some of them were in real life, some of them on Zoom, plenty in the DMs. There have been 178 days so far, I think I had over 200 conversations. It's a lot for someone neurospicy such as myself. A couple of things happened:
Now, I'll say this to you: I fucking hate startups. I hate the concept. I despise the notion that, if someone has an idea they are automatically entitled to focus on seeking investments rather than growing the business, like everyone else That being said, this role for Brinc violently grew the amount of strangers that I was speaking to. It scaled way beyond my human capacity, so I decided to build a Typeform with 4 simple questions:
80% of the applicants failed the first question. They were seeking institutional investments without even having an established company. Many of them haven't really built anything but were confident they could build something in hours instead of the 12 weeks of the accelerator program. First of all, fuck Claude. Second of all, look. If you really want to successfully raise outside funding for your business, IE get money from strangers, you have to know how to communicate. DD is not a cup size, it is due diligence. If you really wanna raise funds, I can't help you. Only you can help you. Investors invest in you. So you have to be prepared to properly present your business. And I know it's lonely. It's alienating. Nobody around you really understands wtf you're doing. It's also somewhat humiliating. I know this because many founders asked "hey is there a group where I could meet other founders?" There wasn't but I've built something. I've built an educational app that takes through each step of preparing your data room package: one-pager, pitch deck, business plan, financial model, cap table. I've made a Discord channel where we can talk about it and review the docs together. We can also all get together on weekly Zoom calls. And never eat alone. Here it is. (👈 click here) |
The topics will be mostly about leadership, economics, and operational/strategic growth. Exits or Funding Rounds. Free books included. Yeah I was in Forbes but that was a long time ago.
I spoke to several crypto founders thinking they have a fundraising problem when it was more of a structure problem. Here’s what typically happens: The token captures the upside The company holds the costs Corporate governance is basically nonexistent From a VC perspective there is: No clear ownership.No clean equity story.No way to win. So even if the project is good, no one cares. Institutional investors don’t fund “crypto projects.”They fund vehicles where value capture, control, and...
Right so today you'll learn about how to put a price tag on your business, even if it doesn't have revenue yet. This is aimed at two types of business owners: the startup founders and the crypto founders. First of all, why are we doing this? Last week I was invited to a podcast ran by Tahir who owns the biggest business trading platform in Dubai. I loved discussing with him because he knew exactly how to do company valuations, using all three methodologies. We joked about the fact that owners...
LAUNCHING The Equity Academy First group session, everybody! I built a platform where high quality founders, owners, managers, operators can find each other. I put all my tools in there that help you generate a pitch deck (course included), company valuation and funding round design. There's a chatbot in there too, i trained him on all my relevant books. Deciding what to build 'How do I know what to build?' This was by far the most frequent question I got from founders. Because, the thing is,...