In the last podcast with Abhinav Chaturvedi, we discussed the key aspects of picking the right investor and also the actual process of fundraising.
Today, we are looking at the same topic from an entrepreneur’s perspective. We are chatting with Abhiraj Bhal, the co-founder and CEO of UrbanClap, a path-breaking company in the home services space which has grown from zero to over 300,000 transactions per month in just over three and a half years, and is still growing at a phenomenal pace of 3–4x per year.
We will divide the topic into two sub-topics — 1) picking who to raise funds from and 2) the process of fundraising. Key topics covered in this short 30-minute podcast are outlined below.
Picking who to raise funds from
What are the factors to consider before picking who to raise funds from?
How did Abhiraj connect with his Angel Investors and VCs?
Importance of having an experienced Angel as an investor
Avoidable mistakes while picking your initial source of capital
Tips on the fundraising process
How long should someone budget for fundraising?
Tips on preparing your investor pitch — the What, How and Why methodology
Importance of story-telling as a founder and how to practice that and get feedback
Being completely open with the investor and why that is important
Best way to connect with the investor
Initial pitch to term-sheet — the process from an entrepreneurs’ perspective