I’ve been quiet on LinkedIn lately and this is why.
We closed our Series C round of $100M.
And today, Clearbanc rebranded to Clearco.
I’m incredibly pleased with the outcome and couldn’t be happier with our partners at Oak HC/FT and Annie Lamont our newest board member.
However, no founder starts their business to fundraise.
Fundraising over Zoom was supposed to be easier and more efficient. Without having to travel, I thought I could fundraise and run the business without missing a beat.
That wasn’t the case. Days expanded into 14-hour back-to-back Zoom marathons. Diligence calls and reference calls spilled into evenings and weekends. Time zones didn’t exist anymore.
And most importantly, every hour I spent with investors, was an hour I didn’t get to spend with our team or our customers, making our company and our product better.
I’m incredibly fortunate to have an outstanding team, where I could take 6 weeks to focus on fundraising, and the company didn’t miss a beat (in fact, probably operated more efficiently without me throwing ideas out of left-field all the time).
But I think about all of the founders out there who can’t afford to take months off their business to go meet investors without their company grinding to a halt.
Post continued below...
We closed our Series C round of $100M.
And today, Clearbanc rebranded to Clearco.
I’m incredibly pleased with the outcome and couldn’t be happier with our partners at Oak HC/FT and Annie Lamont our newest board member.
However, no founder starts their business to fundraise.
Fundraising over Zoom was supposed to be easier and more efficient. Without having to travel, I thought I could fundraise and run the business without missing a beat.
That wasn’t the case. Days expanded into 14-hour back-to-back Zoom marathons. Diligence calls and reference calls spilled into evenings and weekends. Time zones didn’t exist anymore.
And most importantly, every hour I spent with investors, was an hour I didn’t get to spend with our team or our customers, making our company and our product better.
I’m incredibly fortunate to have an outstanding team, where I could take 6 weeks to focus on fundraising, and the company didn’t miss a beat (in fact, probably operated more efficiently without me throwing ideas out of left-field all the time).
But I think about all of the founders out there who can’t afford to take months off their business to go meet investors without their company grinding to a halt.
Post continued below...
