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InsTech - insurance & innovation with Matthew Grant

Top tips for fundraising: The founders' stories (124)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 7 February 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

Money is the rocket fuel for business growth, but raising funds is a major challenge for almost every company looking to scale. So how do you do it? Matthew asks three founders who secured early stage funding for their tips. Goncalo de Vasconcelos (Rnwl), Sam White (Stella Insurance) and Jonathan Spry (Envelop Risk) share the lessons they learned in turning start-ups into scale-ups. The conversation was recorded from Raising Money: The Founders' Stories, an InsTech London Live Chat sponsored by Genasys Technologies. CGO Andre Symes also shared his insights on the key characteristics Genasys sees in successful start-ups. Talking points include: Identifying potential brand advocates Crowdfunding vs bootstrapping What to expect from angel investors How to spot when you’re wasting your time The importance of having a strong narrative Sign up to our newsletter for a fresh view on the world every Wednesday morning. If you like what you're hearing, please leave us a review on whichever platform you use, or contact Matthew Grant on LinkedIn. Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech London podcast or reading the accompanying transcript, you can claim up to 0.5 hours towards the CII member CPD scheme. To claim 0.5 hours for this podcast, go to the Episode 124 page of the InsTech London website, or email [email protected].

Transcript

Click on a timestamp to play from that location

0:00.0

I might walk into a room and if there's a gobbie northerner in there, I feel an instant

0:05.9

kind of draw to them because it's your kinship. You're like, okay, I know this person. I feel safe

0:11.4

with them.

0:26.8

Well, how to raise money is a question that almost every company has to face.

0:31.3

And for fast-growing businesses, raising money is almost a full-time activity.

0:35.8

But whether you're building a new company, working with early-stage companies, or just interested in investing yourselves, understanding what the

0:38.7

options are available to companies who are raising funds is really helpful. Hello, Matthew Grant here,

0:44.0

host of the INSTECH London podcast and partner at INSTEC. London, well, based on the growth of our listeners

0:50.2

in the last month, I can only assume that many of you who have actually finally exhausted your

0:53.7

Netflix options and must be turning to podcast to keep you entertained. Someone even confessed

0:58.8

to binge listening to past Instect London podcasts over the weekend. Well, whether you're one of

1:04.3

our regular friends and regular listeners or you're checking us out for the first time,

1:08.6

delighted to have you along. And by the way, if you haven't already discovered our website, www.instech. London, it is packed full of original

1:17.7

content. We're talking to people every day. Still free, but I can't promise it's going to stay

1:21.7

that way forever. Now, a lot to cover in this week's topic. Finding a couple of hundreds of thousands of pounds

1:28.4

to launch a business is obviously very different from raising multiple millions from leading VC

1:33.7

firms or even going for an IPO. And for this week's episode, we have the experience of three

1:39.5

founders that have found early stage funding to support their companies. Now, each of them is acting as an intermediary, as a broker or MGA, bringing insurance

1:47.8

to clients from individuals to large corporates.

1:51.0

Consolo de Vos Cancelas previously founded crowdsourcing investment portal syndicorum, and has

1:56.8

now turned his attention to insurance with renewal.

2:00.0

Sam White is CEO of Freedom Services Group,

...

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