How To Raise Capital Successfully with Dan Siroker

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 29 November 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 74: Alex Lieberman (@businessbarista) speaks with Dan Siroker (@dsiroker), co-founder and CEO of Rewind, who raised a $15M Series A at a $350M valuation by publicly putting his pitch deck on X (formerly Twitter). Dan received 170 offers for investments ranging from $200M to $1B valuations. In addition to discussing his highly unconventional approach to raising capital, Alex and Dan discuss timeless principles for fundraising. Dan’s Public Fundraising Deck: https://twitter.com/dsiroker/status/1646895452317700097 Send us an email and let us know what you think of the idea! [email protected] Grow more (and stress less) with Brex: brex.com/foundersjournal #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:16.8	What's up everyone? Welcome back to another episode of Founders Journal. I'm Alex Lieberman, co-founder and executive chairman of Morning Brew. I spoke to a founder recently who did something absolutely insane. Here's the story. He raised a $15 million series A at a 350 million valuation for his personalized AI company called Rewind. But that is not the
0:21.7	crazy part. The crazy part is that he raised this
0:24.4	round publicly on social media by putting his deck on Twitter which led to a
0:29.4	hundred and seventy offers for investment ranging from a 200200 million valuation to a billion dollar valuation.
0:36.0	So I thought it was time to talk to the man himself, Dan Siroker.
0:40.0	Dan is a serial entrepreneur who is currently the co-founder and
0:43.7	CEO of Rewind and prior to that he was the co-founder and CEO of
0:47.8	Optimisely a 500 million dollar Martek business that is doing over a hundred ten million dollars in
0:53.9	revenue in addition to asking him about his highly unconventional approach to
0:58.2	raising capital this time around and also if it makes sense for other founders
1:02.1	to do I also ask Dan for his
1:04.6	timeless principles for fundraising based on his experience raising a shit ton of
1:09.3	money let's hop into it. Today's today.
1:14.0	Today's
1:15.0	Today's
1:18.0	Today's episode of Founders Journal is sponsored by Brex.
1:24.8	Brex is a financial stack created for founders by founders that helps startups
1:30.0	optimize their finances at every stage of growth.
1:33.1	So you've got that first investor check in hand, by the way, congrats, but now you need a place to truly put it to work.
1:39.6	With Brexit's business account you can safely store, move, and grow that cash.
1:44.8	And as your business scales, Brexit's corporate cards, reimbursements, and automated bill pay
1:50.0	make life easier.
	...

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