It’s a pretty slick model: It cuts way down on the friction that keeps many from starting fundraisers while at the same time offering restaurants a financial incentive to do their part. Tech.Co interviewed GroupRaise’s CEO, Devin Baptiste, about his efforts to fund raise, his thoughts on the Silicon Valley VC bubble, and where his company’s headed in the future.
Raising a round of venture capital does not work like this. As a founder, you are responsible for creating the entire process to raise your round. There is no application to fill out or set timeline that the investors are going to invest around. You have to create and run this process. This is a challenge most founders face that I have not heard talked much about.” Read more interviews from founders at Tech.Co I think explaining the opportunity of being based in Latin America is a challenge; however there are investors who get it. ‘Be so good they can’t ignore you’ is the Steve Martin quote that comes to mind. Having key traction in the business and a vision for why that traction matters is the most important thing. This is not all that’s needed, but it’s a good start to begin raising funding. I also think this falls into the category of investor pattern matching. If you fall out of patterns like location, background, or company type, great traction in an important market is a pattern you can achieve. It is hard, but it was our path.”
