Raising money from investors is never simple. Particularly for entrepreneurs who are new to the game and lack the relevant experience. A major reason why startups fail is that they lack the funds they need in order to function and develop. But lately, in Raleigh, North Carolina, there has been a drastic rise in the investments of startups.
In a recent study completed by the Economic Development Partnership of North Carolina, there were ninety-four tech startups in the state have received more than $780 million in equity funding in just 2017, that’s a 232% increase from just 2016! So how have tech companies in the Raleigh area been consistently raising millions of dollars in capital over these last few years? And what are some ways to unlock that growing capital?
On this episode of the Igniting Startups podcast, we speak with 4 different tech, executives, and leaders from our recently held event in Raleigh discussing “Raising Capital in Raleigh, Durham, and Beyond—from Startup to Scale-up to Exit.” You’ll get to hear local Raleigh-Durham experts share their take on the area is becoming a high growth area for tech investors, how they’re capitalizing on this consistent rise of funding, and the best ways to make a great impression on a potential investor. Tune in for more!
In this episode, you’ll learn:
- Best ways for companies to reach great investors
- Why investors invest in people and not just an idea
- Advice on how to grow your network to raise capital
- The future of tech in the Raleigh-Durham area
Please enjoy this conversation with our featured guests from our 2nd panel!
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Quotes from our guests on this episode of Igniting Startups:
“I feel we can hire the best and brightest. So we felt convicted that we could continue to build right here. And so we found investors that were excited to back that.”- @M_keSchneider of @FirstHQ on @PowderkegCo
“Talk to investors, have as many conversations as you can. One of the beautiful things about being here in the triangle is that, as you’ve already heard its easy to get a meeting. But the beautiful thing is that they also give great feedback on the concept, particularly when you’re starting small.” – @SonjaEbron of @Courtroom5Legal on @PowderkegCo
“Ultimately an investment in your company is an investment in you. And the other thing when we focus our approach, how can we help the founders we work with be the best the highest functioning individual, healthiest individual, their companies will be the result of that. Which will make them a better candidate for investment.”- @mollydemarest of @AmerUnderground on @PowderkegCo
“So they miss the opportunity to connect with those in their ecosystem that can help them take their game to the next level. So get out there to have those conversations. Figure out what it is that you’re trying to do and allow folks to help you.” – @BmartinMartin33 of @CLAconnect on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
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What stood out most to you about what these leaders share in this podcast?
For me, it’s the advice on how to grow your network to raise capital.
You? Leave a comment below.
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