Workshop 26
Raising your first round
Manoj Ranaweera
manoj.ranaweera@techcelerate.ventures | +44 7769734491
https://techcelerate.ventures
To be lucky - Always be prepared!
← Higher level of persuasion
Increasing level of validation and evidence →
Idea
Can you charm?
Proven
Easier, but still no guarantee, as the
ability to scale now becomes the
challenge
Prove business potential: £10k
MRR/£100k annual revenues
Prove scaling potential: £100k
MRR/£1m revenues
Demystifying
investment
rounds
Idea
Idea validation
FFF
(Friends, Family and Fools)
Early traction
Turn idea into product and gain initial revenue traction
Pre-Seed
Minimum Viable Business
£10k MRR/£100k annual revenues
Seed
Top up
Revenues aren’t coming fast enough to justify Series A
Seed Follow On/
Pre-Series A
Start of Scaling
Metrics works. Now need cash to trigger growth
Series A
Growth Capital
Not there yet for Series B but need cash to push through
Series A Follow On/
Pre-Series B
Are you building a £10m or £100m revenue business?
Idea
(FFF)
MVP & Early
Traction
(Pre-Seed)
MVB
(Seed)
Product/Market Fit
(Series A)
Raise
Bootstrap
Bootstrap
Bootstrap
Yes
Bootstrap
Bootstrap
Yes
Yes
Bootstrap
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Founder(s) stake
> 51%
(could be lower if
you continually
raise)
Start to Founder Exit Journey