Member-only story
“How long do you think it’s going to take to get funding?” Blossom asked me.
It was January, and we had just started raising money.
“My guess is we’ll be funded by June,” I said to my wife.
It turned out I was right. We were funded by June…two years later!
We started off our fundraising with a lot of momentum. We had lots of warm introductions to VCs through the various contacts I had.
A very rare thing happened after one of our first meetings. A VC actually called me to pass on the deal.
Then something even rarer happened. He suggested I pitch to Opus Capital. He said, “I can make the introduction if you’d like, but it’s probably better if you do it yourself because they’ll ask me why I’m passing.”
I knew someone who knew one of the partners at Opus. So I thanked him for the tip, and I reached out to the person I knew. Lew said, “Use my name and send an email to Gill (the managing partner of the fund). He’ll meet with you.”
Two weeks later we had our first meeting Opus. By early April we had a term sheet for $11 million!
I was pumped!
My cofounders were pumped!
