I interviewed a founder who raised $2M
Pavel Gvay
0 replies
Hey!
I interviewed Steven Charlap, the founder of SOAP Health about his $2M seed round.
He was struggling with fundraising for 2 years until he hired senior executives and required them to invest in his company. That sparked VCs interest.
Here's my summary of the interview:
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1/ Any approach that works - works
Steven recruited senior executives who were required to invest as part of joining the company. That led to VC and major angel interest.
2/ Cold emails don't work
Steven cold-called 150+ investors over the past 2+ years. All without a result.
3/ Refine your pitch until it tells a powerful story.
“Try to learn from every no, but take them with a grain of salt unless you hear the same reason repeatedly. Then develop a cogent response to that criticism and incorporate it into your pitch.”
4/ Don't raise too early.
Start talking with investors only when you have something compelling (traction, great team, etc.). Otherwise, you'll be wasting your time.
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Thanks for reading!
For more insights, check out the full interview: https://shizune.co/blog/how-soap-health-raised-a-2m-seed-round/
🤔
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