Early Startup Funding Tips from a Serial Founder
Mann, a serial entrepreneur with four startups under his belt, believes in delaying fundraising until the product gains momentum, making 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 with real traction in the market. After founding CollX, Mann relied on his own funds and family investments, avoiding outside capital for as long as possible.
- Validated his product before seeking external funding
- Found the right investors after gaining momentum
- Applied lessons from previous ventures to inform his approach
CollX, a 2023 RealLIST Startups honoree, raised a $10 million Series A earlier this year, building on years of growth.
Author's summary: Serial founder shares tips on startup funding.