Early Startup Funding Tips from a Serial Founder
CollX founder Ted Mann shares his experience on validating a product, finding the right investors, and applying lessons from previous ventures.
For serial entrepreneur Ted Mann, delaying capital raise is beneficial. After leading four startups, Mann learned that having a product with momentum makes it easier to raise capital.
“It’s really hard to raise external capital just based on a vision and a dream,”
Mann said, emphasizing the importance of having a product in the market with real traction. CollX, a 2023 RealLIST Startups honoree, raised a $10 million Series A earlier this year.
Mann relied on his own money and funds from family, avoiding outside capital for as long as possible.
Author's summary: Serial founder Ted Mann shares startup funding tips.
- Validate your product before raising capital.
- Find the right investors when your product has momentum.
- Apply lessons from previous ventures to improve your chances of success.