Early Startup Funding Tips from a Serial Founder
CollX founder Ted Mann shares his experience on validating products, finding the right investors, and applying lessons from previous ventures.
Mann, a serial entrepreneur, believes that delaying capital raising is beneficial. He has learned that having a product with momentum makes it easier to raise capital, he said. This approach paid off when CollX raised a $10 million Series A earlier this year.
“It’s really hard to raise external capital just based on a vision and a dream,”
Mann told Technical.ly. He emphasized the importance of having a product in the market with real traction, especially in the consumer space.
- Delayed raising outside capital as long as possible
- Relied on personal funds and family money initially
Author's summary: Serial founder Ted Mann shares funding tips.