Innovation Festival - Fundraising Experience pt 2
summary
Company raises $6M from an Australian VC after simplifying cap table, months of pre-built due diligence materials and a US/Europe roadshow; advice is to pick investors who are doers who built big exits and to raise from a position of strength. A second case is a marketplace called Scrap Connection — selected from 525 applicants into Startupbootcamp (10 spots) — that stays pre‑product and takes 19 months to secure ~€400–500k, illustrating how being “in the middle” between angels and VCs delays traction.
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