Early Startup Funding Tips from a Serial Founder
Ted Mann, founder of CollX, shares his experience on validating products, finding the right investors, and applying lessons from previous ventures.
As a serial entrepreneur, Mann believes that delaying capital raise until the product gains momentum makes it easier to secure funding.
“It’s really hard to raise external capital just based on a vision and a dream,”
Mann said. He added that having a product with real traction in the market makes fundraising much easier, especially in the consumer space.
- Mann’s company, CollX, raised $10 million in Series A funding earlier this year.
- CollX was named a 2023 RealLIST Startups honoree.
Mann relied on his own funds and family money to avoid raising outside capital for as long as possible.
Author’s summary: Ted Mann shares startup funding tips after raising $10M for CollX.