Info

SaaS Growth Stacking - with Dan Martell

How do you end up in rehab for 11 months, discover computer programming, then build 5 tech startups, selling 3 and raising money for the last 2 in 15 years? Tune in each week and Dan Martell will teach you: How he got invited to spend a week with Richard Branson. How he ended up raising money from Mark Cuban. How to hack your productivity. How to focus your marketing efforts. How to get your big dreams funded. How to build, scale and sell your technology company without giving away the control to investors and financial stakeholders. The 3 disempowering “pick me, pick me” mentality that plagues startup founders.. and what you can do to avoid it and fund your startup. Tune in each week and get Dan’s deep-in-the-trenches experience as a father, serial entrepreneur, and investor. Do you want to fund, start, scale and sell your business? That’s the only question that matters here. If the answer is “yes”, then hit the SUBSCRIBE button and let’s make it happen.
RSS Feed Subscribe in Apple Podcasts
SaaS Growth Stacking - with Dan Martell
2019
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June
May
April
March
February
January


2014
December


All Episodes
Archives
Now displaying: Page 1
Dec 18, 2017

When I started my SaaS (that stands for Software-as-a-Service) startup Flowtown my co-founder Ethan and I had a tough decision to make…

How do we fund the company?

Even though I had the capital to self fund the whole thing, as I had just sold my previous company Spheric, he was 23 and didn’t have a penny to his name.

So this is what I did…

It was Friday, and I said, if you can find a way to raise $15K, I would fund the rest.

On Monday he called and said he had the money!???

That’s when I learned how great of a person he was.

You can listen to how he did it in this week’s video, alongside the 8 other strategies you can use to raise money for your startup.

I go deep into all 8 strategies in the video…

But if you’re looking for a quick primer, here are my 2 favorites:

  1. Crowdfunding: I like this one because it also has the side effect to help you validate the idea as well. If no one buys, then it might be an indication that the idea is bad, or that you packaged it wrong.  I’d rather find out quickly before I invest a ton of time and money to fix things.
  2. Venture capital: Even though most people think VC’s are horrible, I’ve learnt that there’s something powerful to having incredible investors. It’s a quick way to establish authority in a space, it provides a sense of confidence (if you get the right investors) that you know they’re in your corner, and you get the positive peer pressure to report your numbers to an external group of people.

You might of expected some kind of secret government program, or easy way to get banks to lend you money, but I’m a big fan of testing and validation…

And nothing works better to prove you have an idea worth pursuing than having others take their hard earned money and invest in your business.

My good friend Clay Hebert, a crowdfunding expert, once said “… the cost of failure will eventually go to $0 because of crowdfunding.” and I’m a big supporter of this.

So if you have big dreams, there’s a good chance you’ll need some money to fund them.

Be sure to study all 8 of these strategies and use them accordingly.

If you have any questions for me on how you should use them, be sure to leave a comment with your questions – that’s best way for me to help!

--

Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. (Get the free 3 videos to grow your business here.) He previously created, raised venture funding for and successfully exited two tech startups: Flowtown and Clarity.fm. You should follow him on twitter@danmartell for tweets that are actually awesome.

Are you an entrepreneur? Get free weekly video training here:
http://www.danmartell.com/newsletter

+ Instagram (behind the scenes): http://instagram.com/danmartell
+ Facebook (live trainings + Q&A): http://FB.com/DanMartell
+ Twitter (what I'm reading): http://twitter.com/danmartell

0 Comments
Adding comments is not available at this time.