Another common question I get is how much to raise. As a general principle, you want to raise the least amount you need to execute on the next 18-24 months of your roadmap vs asking for the most you think you can get. It's always easier to get more VCs to the table with a smaller amount, and then grow the round size from there with plenty of demand, vs have to scale back the round size (which comes across as a sign of weakness). What other fundraising tips or questions do you have?
Ok I'm only halfway through the video but I'm wonderfully impressed. I stumbled on this while looking for some peculiar insights into the difference between pre-seed and seed funding rounds. Lemme watch till the end. Might drop another comment. But I love your aura. It's giving happy.
Yoooo this was super good. Got lots of take aways. I've always been skeptical about VCs, and getting the right investor fit has been a priority concern for me. Hopefully I'm a able to navigate this journey with wisdom. Are you on twitter?
@@nogatekeepers Awesome. Thanks. Found you and followed you. But ahhh, quite a bit of bummer that your DM is closed and unaccessible 😐. But I can understand why you might have intentionally kept it close haha 😂.
@@WoodyLightyearx Thanks for the follow! I'm actually out right now on paternity leave so things are quite busy, I'd say TH-cam comments is prob best way to get ahold of me :)
Hello Wayne, i'm glad that i found you here ! Very clear and concise content your animations are stunning ! I will be at the silicon valley begining of June (we are a startup from Luxembourg) and we definetly will keep in mind and notes a big chunk of what you teach us ! Keep up the great content !
From my own pipeline of roughly 3000 pitches I’ve heard over the last decade. I would say I’m a typical lead investor who will do 2-3 investments per year, and I’ve done about 30 investments total
There are definitely other VCs that may have different numbers though, like a followon spray and pray investor may have much higher probability of funding
can you make a video explaining on what limited partners(the people who fund vc's) look for in an entrepreneur starting a vc firm also explaining what documents and paperwork to show to the limited partners and how to convince them to fund your vc firm
That's a great suggestion! I think I can do that as part of a video covering the strategies VCs use to set themselves apart, which is at the core of what LPs look for. My next set of videos is set as I'm in editing mode, but afterwards, will add this to the list!
Depends on how much they raise, how much capital the company needs, personal need, among other things. After raising seed funding, I've seen between 25-100k. It goes up from there as the company grows and raises money. There are a number of data sources that provide some benchmarks I could suggest if helpful!
Hey! I use the Adobe suite - Premiere for my primary workflow/editing, Audition for sound, Aftereffects for motion graphics. I work closely with some other motion graphics artists here as I'm by no means an expert!
Hi Wayne, I would love to get your take on raising funding using an IDO / ICO process through a lauchpad like Polkastarter or ByBit. More importantly, how it differs / competes / complements with VC funding. I notice many web3 companies / protocols tend to use both, others just token offerings. As a pre-seed / seed stage startup, am not sure which way to go.
Raising money for a startup without having to put personal money in? Pretty common in Silicon Valley but I think it’s much tougher to do outside of a major tech hub with a well developed financing footprint. Much more common to bootstrap outside of Silicon Valley as a result
First step is figuring out whether vc is right fit your business. The vast majority of the time, other means of financing - whether it’s bootstrapping or banks - are better. If you’re convinced vc is the right path, start researching who are the right investors online for your exact kind of business, create a pitch deck and try to network to them!
Another common question I get is how much to raise. As a general principle, you want to raise the least amount you need to execute on the next 18-24 months of your roadmap vs asking for the most you think you can get. It's always easier to get more VCs to the table with a smaller amount, and then grow the round size from there with plenty of demand, vs have to scale back the round size (which comes across as a sign of weakness). What other fundraising tips or questions do you have?
Another must watch - and great intro, I didn't know that!
Thanks Tim! Maybe we can do a video demo of your amazing tech one day? :)
Another great video Wayne. Thanks!
Thanks Sumit! Glad you liked it!
Love it! Will definitely forward to people who ask me for fundraising advice...
Thanks Josh! Appreciate that!
Ok I'm only halfway through the video but I'm wonderfully impressed. I stumbled on this while looking for some peculiar insights into the difference between pre-seed and seed funding rounds. Lemme watch till the end. Might drop another comment. But I love your aura. It's giving happy.
Yoooo this was super good. Got lots of take aways. I've always been skeptical about VCs, and getting the right investor fit has been a priority concern for me. Hopefully I'm a able to navigate this journey with wisdom.
Are you on twitter?
@@WoodyLightyearx Thanks so much Woody, really appreciate the thoughtful note, and most of all, really glad you found it helpful!
Yep I'm here: twitter.com/waynejwhu
@@nogatekeepers Awesome. Thanks. Found you and followed you. But ahhh, quite a bit of bummer that your DM is closed and unaccessible 😐. But I can understand why you might have intentionally kept it close haha 😂.
@@WoodyLightyearx Thanks for the follow! I'm actually out right now on paternity leave so things are quite busy, I'd say TH-cam comments is prob best way to get ahold of me :)
Very clear and easy to watch ...
thank you!
Another great video! Love it!
Thank you!
Hello Wayne, i'm glad that i found you here ! Very clear and concise content your animations are stunning ! I will be at the silicon valley begining of June (we are a startup from Luxembourg) and we definetly will keep in mind and notes a big chunk of what you teach us ! Keep up the great content !
Thanks so much for the kind note Lyazid! Best of luck!
the most helpful resource I've found in my fundraising journey, thank you! I'll post back here when we finish raising. Im in the 8th meeting to date.
You’re most welcome! Yes would be curious how it goes and what you learned. Good luck!!
Where are those funding probability numbers coming from @8:15?
From my own pipeline of roughly 3000 pitches I’ve heard over the last decade. I would say I’m a typical lead investor who will do 2-3 investments per year, and I’ve done about 30 investments total
There are definitely other VCs that may have different numbers though, like a followon spray and pray investor may have much higher probability of funding
@@nogatekeepers makes sense. thanks!
Thanks Wayne, very useful and clearly explained.😊
You're very welcome! Thanks so much for the kind note!
Super useful video - great content
Thanks Arman - glad you found it helpful!
Awesome video. Thanks
Thanks Abhi!
#Awesome #PureEducation!
Thanks Wayman!
Great stuff thanks
Thanks for the kind comment!
How do you keep your hair so silky smooth? 😉😝
Beautifully explained!
Thanks! Hahaha I learned from you! :)
can you make a video explaining on what limited partners(the people who fund vc's) look for in an entrepreneur starting a vc firm also explaining what documents and paperwork to show to the limited partners and how to convince them to fund your vc firm
That's a great suggestion! I think I can do that as part of a video covering the strategies VCs use to set themselves apart, which is at the core of what LPs look for. My next set of videos is set as I'm in editing mode, but afterwards, will add this to the list!
@@nogatekeepers thanks!
How should early founders pay themselves after raising funding?
And how do they get paid as the company grows?
Depends on how much they raise, how much capital the company needs, personal need, among other things. After raising seed funding, I've seen between 25-100k. It goes up from there as the company grows and raises money. There are a number of data sources that provide some benchmarks I could suggest if helpful!
@@nogatekeepers sorry for the late reply but that would be great!
Hey Wayne, do you edit the videos yourself? It's really top notch for a new channel - would love to know what software and editing suite you use
Hey! I use the Adobe suite - Premiere for my primary workflow/editing, Audition for sound, Aftereffects for motion graphics. I work closely with some other motion graphics artists here as I'm by no means an expert!
@@nogatekeepers Good stuff Wayne, appreciate it. May make the switch from FCP to Premiere
👍🏽I know a lot of folks who use Davinci for color grading but I’ve been too lazy to learn lol
@@nogatekeepers Don't blame you man, low key amazed you're balancing this and being a venture partner
@@tenbagger Thanks! I like videography, so thankfully I don't mind for this to be my weekend projects :)
Thanks for the sharing this!
You're welcome! Appreciate the note Alysia!
Great tips.
Thank you
Thanks Franky! Glad you thought it was helpful
Amazing work. Are you ever in London or have presence here?
Thank you! I don't unfortunately. Would love to one day!
@@iskandera1783 cool
Hi Wayne, I would love to get your take on raising funding using an IDO / ICO process through a lauchpad like Polkastarter or ByBit. More importantly, how it differs / competes / complements with VC funding. I notice many web3 companies / protocols tend to use both, others just token offerings. As a pre-seed / seed stage startup, am not sure which way to go.
Hi Basanti! I’m not nearly as familiar with the ICO process so I don’t feel qualified to give you a run down. I’ll be researching it more soon though!
@@nogatekeepers Thanks Wayne. Aman
Thank you so much!!
You're welcome! Thanks for the kind note!
Hi Wayne, please allow us download your videos for offline listening, repetition is how we learn.
Hi Chiefo - as a creator I can't enable that, TH-cam controls it. I believe you have to buy TH-cam's premium service to download offline.
That was dope
Thanks man! Appreciate that!
How to raise fund for start up with no personal capital raise ?
Raising money for a startup without having to put personal money in? Pretty common in Silicon Valley but I think it’s much tougher to do outside of a major tech hub with a well developed financing footprint. Much more common to bootstrap outside of Silicon Valley as a result
Wayne, I am interested in raising VC but not sure where to start. Can you reach out to me for some guidance. Thanks!
First step is figuring out whether vc is right fit your business. The vast majority of the time, other means of financing - whether it’s bootstrapping or banks - are better. If you’re convinced vc is the right path, start researching who are the right investors online for your exact kind of business, create a pitch deck and try to network to them!