We asked 13 founders who raised nearly $200 million during COVID-19 for their tips on wooing investors in a crisis
Remote fundraising has become common for startups as the coronavirus pandemic continues to restrict the ability to travel and take meetings in person.
Usually, founders and executives pitch prospective investors for funding at swanky city offices before an investment committee makes a decision. Subsequently, there is a lengthy due diligence process, technical and market questions, analysis of finances, plus time spent on meetings, dinners, and walks for investors to better understand founders and CEOs ahead of any completed deal.
Since March funding rounds in North America, Europe, and Israel have been conducted entirely over video calls, changing the dynamic between founders and investors.
One such funding round was a recent $17 million raise by Israeli tech startup Ermetic, led by CEO and cofounder Shai Morag. The fundraise took place entirely over Zoom with lead investor Accel.
Accel would conventionally spend a few days in Israel to meet the founding team … Read More