Rachel's big lesson was leaning into the big vision and not being afraid to put up projections that were a big stretch.
Read Rachel's original post about fundraising on LinkedIn.
About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.
About Rich Maloy
Rich’s mission is to rebuild the American dream through entrepreneurship. He believes technology gives all people the opportunity to grow, learn and earn. He is a Managing Partner at SpringTime Ventures and the host of the VC Minute podcast. With prior careers in finance and sales, he's been focused on the startup ecosystem for over a dozen years. He's a father of two young children and loves sci-fi, skiing, and video games.
What I feel like I could have done differently,like what I learned through the fundraising process as well,and this is something that I really struggled with,and I think that,you know,from a perspective of being a woman,there are studies that have shown that sometimes women have a hard time applying for a job if they don't meet all of the qualifications on the job description.Whereas men will be like,oh,70%I'm good.I'll,I can do it.I experienced that too in my early days of fundraising.I had a really hard time with sharing the big picture because I only wanted to put up numbers that I1000%knew that I could hit.What I learned through the process is that a lot of founders aren't doing that.They're putting up numbers that if the stars align and everything goes as planned,this is how big we can get.And VCs often wanna see that.They wanna see like what happens if everything falls into place and you execute flawlessly,how big could this company be?They're also already sandbagging your numbers.So they're already discounting it and being like,oh,they're not gonna hit that,so they'll probably get to this.For me,I really had to learn how to share the big story of Motivo and not just where are we going now,but where could we go in the next five years?What's the big story of Motivo?Rather than like,here's what I know I can do in the next18months.That was a big learning curve for me,and I think it led to,I,I think it led to investors thinking that I probably wasn't thinking big enough and I probably wasn't in the early days.
Get you started on your fundraising journey. In true VC Minute fashion, all 50 episodes are less than 1 hr 30 min combined.