Has the way we fundraise changed?
Tech could be the key to future-proofing business
With the pandemic still in our midst, navigating the fundraising process for your business might’ve felt a little uncertain as priorities and the landscape constantly shift. But has the pandemic really impacted how its normally done and the conversations being had with investors, and potential investors?
It was noted that less than 40% of deals were being done in the same period of December 2019 and March 2020. And Q1 of 2020 was the lowest quarter of funding since 2017.
From building grounded stories to the opportunity of widening your investor pool via virtual pitches, to being open, honest, and realistic about your situation in testing times, there are multiple ways to become more flexible in your approach that doesn’t mean drastic changes. Myles Milston, Globacap CEO, discusses this, and more from first-hand experience, at UK FinTech week 2020.
Embracing technology to future-proof business
Yet, there’s been a noticeable step change since the start of 2020 – though what might’ve been seen as an initial ‘crisis’ – with ‘leftover’ or ‘unspent’ funds, creating more appetite as the year progressed. With a new rush and positive upturn in activity, it’s left many business leaders question how they manage their time, and most importantly, how they can run their business as effectively as possible.
Around 70% of spreadsheet-based cap tables are incorrect, so whether you’re just starting out, or preparing for your next funding round, ensuring everything is in order is critical.
Embracing automation that not only saves money – even more important in uncertain times – but manages the regulatory side of your rounds whilst saving you time, is key to creating a future-proof business strategy.
Understanding how to do this and the benefits of applying digitisation and blockchain across securities issuance and administration are explained by Alexander Green, Globacap Co-Founder & Chief Evangelist, in his webinar with Crypto Curry Club.