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‘The 2nd hardest thing I’ve done’: Hatch cofounder Adam Jacobs shares 6 things to nail your capital raise
- Hatch co-founder, Adam Jacobs, helped the company raise $7m in seed funding and now shares some tips on how to do the same.
- Tips for successful fundraising include building relationships with VCs six months before raising money, and growing the business meaningfully throughout the fundraising period.
- Founders should aim to worry about three swing moments during fundraising: getting a term sheet, choosing the right lead investor and securing one to two other top VCs.
- According to Jacobs, traditional fundraising convention should be bucked, like not sticking to 10-12 slides and creating an information-rich deck of around 50 slides instead.
- Founders should also find an exceptional lawyer to help them through the legal and commercial clauses associated with fundraising.
- Finally, Jacobs warns about the potential burnout from fundraising, which he calls 'the second hardest thing' he's done in his career, and suggests prioritizing healthy habits.
- One tip for healthy flexibility is ensuring time is set aside to allow the mind to wander.
- Jacobs is co-founder of Hatch, the fastest growing jobs marketplace for Gen Z.
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