A 28 Year Old Entrepreneur Reveals How She Snagged $66 Million And 10 Term Sheets In 5 Days

When Mathilde Collin, a 28-year-old entrepreneur, was ready to start raising venture capital for her company's series B round, she made a ground rule for herself.

Collin scheduled all meetings with investors for one week.

Having a short window creates a little competition among the venture capitalists, who might offer more attractive deals if the company is hot and time is wasting. For Collin, setting a deadline for herself was simply about speeding up the process.

"I don't necessarily like raising funding," Collin told Business Insider.

She might not like it, but she's arguably very good at it. In January, her company, the shared-inbox platform Front, raised $66 million in a series B round led by Sequoia Capital. During her five-day fundraising binge, Collin snagged 10 term sheets, or investment offers, from 11 of the investors she pitched — an impressive achievement for a first-time founder.

Front has raised a total of $79 million to change the way teams get work done. The startup makes an app that lets teams handle messages from email, texts, Slack, and social media, all in one place. More than 3,000 businesses around the world use Front.

Here's how she did it

Raising venture capital for a startup is no cakewalk. There are high stakes, probing questions from investors, and pressure from employees to return to the office with a term sheet.

Source : https://www.businessinsider.com/tips-for-raising-venture-capital-for-your-startup-front-ceo-mathilde-collin-2018-6

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