Fundraising Lessons From the Founder of Uber
Episode Stats
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Summary
In this episode, I talk about the three most important fundraising lessons I learned from the founder of Uber, Peter Thiel. These are the three master strategies that one of the world s best fundraisers taught me about fundraising for my startup.
Transcript
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fundraising lessons i learned from the founder of uber the first one is you always have to pre-market
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your fundraising process it means instead of going out there and being like hey i'm company y and i'm
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raising money do you want to invest you have to build the relationships and the best way to do
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that is to ask other entrepreneurs that have recently raised money from the investor for
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the introduction the second is play your power song before you meet with an investor you gotta
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get your energy up he would make us sit in the parking lot and ours power song was lincoln park
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and jay-z no it's an awesome song the third thing is you have to create a competitive process which
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means that when you're in pre-marketing you're not technically fundraising until all of the ducks are
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in a row say hey in the next few weeks we're going to figure out the composition of our round and
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we're curious at what level would you like to be involved at but you do that across dozens of
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investors at the same time so that you get everybody ready to have to make a decision it'll
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be a game changer those are the three master strategies that one of the world's best fundraisers