Entrepreneurs often find themselves in a precarious position when it comes to funding their startups. With so many options available, it can be challenging to determine which path is best for their business. As David Spreng, founder and CEO of Runway Growth Capital, advises, “there’s no one-size-fits-all solution” when it comes to raising money.
In his TechCrunch+ article, Spreng offers guidance for navigating the funding landscape in the later stages of a startup. However, for full access to the article, a subscription to TechCrunch+ is required. Don’t worry, though – we’ve rounded up some of the key insights for you.
Spreng emphasizes that it’s essential to choose the right funding option for your specific business. This could mean exploring a strategic partnership, which can not only provide financial support but also open up opportunities for growth. Another viable option could be applying for a government grant, but Spreng notes that this may not be suitable for every company.
If you’re a founder on an H-1B visa with a great startup idea, you may be wondering how to transfer your H-1B to your new venture. Thankfully, legal expert Sophie Alcorn has some helpful tips. And if you’re considering pitching to investors, make sure to check out Haje Jan Kamps’ advice on fixing common mistakes in pitch decks.
But before you even begin pitching or seeking funding, it’s essential to choose the right deep tech fund manager. Venture capitalist Champ Suthipongchai stresses the importance of thoroughly examining their investment approach and understanding if it aligns with your goals.
Finally, for founders juggling a lot of investor relationships, setting up a customer relationship management (CRM) tool can be a game-changer. Using a CRM can help you keep track of interactions, stay on top of follow-ups, and generate detailed reports.
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