To be honest, Almost everything I know about raising funds is because of stories like this one from Buffer (How they raised 3,5 millions in funding)
So I decided to take a step forward and learn a few things about the basic glossary that any entrepreneur should manage about an Investment Term Sheet, at least for a first meeting with a potential investor.
Here is what I learned :)
Building a Startup is much more about learning than succeeding, much more about the relationships with your teammates or your costumers than fund rising or VC’s…
With SlidePick I’ve learned that it is more about building yourself than a product.
And that’s the key factor. Your startup is, as humans to the image of god (some people would say), a reflect of yourself and the mark you want to leave in this world.
After a few, but intense, weeks away from the paper, where we made public the first beta of SlidePick. I can come back here and finally say to the world that we have a Startup (amazing post about this by @matthewkremer).
During this time I had the chance to reflect about the work I was doing, the decisions I’ve made to fulfill this dream. Trying to recap the teachings that I’ve learned from the amazing people I’ve met during this time.
In this process of decomposing my entrepreneurial DNA, one word constantly appeared on my thoughts…
Last year I started working on my first startup (SlidePick). That was the first time I probably heard the word “startup”…So yeah, I’m not what you could call an “expert” (I don’t even believe in that word).
Starting wasn’t easy. As a new founder there were 4 factors that frightened me the most (and still do) which I thought they could have killed my startup…Or maybe they will.
It’s monday morning of an ordinary week of your life, you wake up to work and the first thought it comes to your mind is “Can’t believe the week is just starting”. It’s Friday 6 pm, you are going home from work celebrating that the week has ended.
Sounds familiar? If yes, then you are fucked up…Why is that?
WARNING: If you work from 9 am-5 pm without a purpose and it’s “Ok” for you…Please don’t waste your time reading this and continue with your “Ok” life