Royston G KingIvy Tier · I help high school students build top 1% passion projects to significantly increase their chances of elite college acceptance

Startup Fundraising: A Hopeful Future Post-COVID19

Name: Startup Fundraising: A Hopeful Future Post-COVID19
Uploaded: 2020-06-23T21:16:43+00:00
Duration: 1 min 25 s
Channel: Royston G King
Description: In this June 2020 monologue, the speaker reflects on how the COVID‑19 pandemic’s first two months forced founders into a state of uncertainty, but notes…

23 Jun 2020 · 1 min

Watch on YouTube

1:25

In this June 2020 monologue, the speaker reflects on how the COVID‑19 pandemic’s first two months forced founders into a state of uncertainty, but notes that a new equilibrium is now forming in the United States. Early on, founders were advised to “just chill” and postpone investor outreach while they dealt with personal safety, family logistics, and business continuity. As the situation stabilises, the speaker argues that the optimal moment to begin planting the groundwork for a future fundraising round has arrived. Using the proverb about planting a tree, he emphasizes that early, deliberate effort now will make later fundraising activities easier as the new normal solidifies.

Chapters

What are the unknowns still? What is shifting? So I think what's shifting right now in June is that people are starting to get their bearings in this new normal that we've got. 60 days ago, people were like, oh my God, what the heck is happening? How do I think about this? But I think people are starting to establish a new equilibrium in their personal lives and their financial lives. And so there's like this new normal setting in. And 60 days ago I was telling people, you know, people in our program were asking like, what do I do? Should I call investors right now? Should I follow up? And I was essentially saying, just chill, like wait. It's so crazy right now. People are trying to figure out, you know, keep their families safe and keep their businesses going and cancel holiday plans and, you know, get their families back to the countries that they live in. So I was saying, you know, just chill. But now it seems like things are relaxing, at least here in the United States, and I believe that things are going to get better as people acclimatize to this new normal. So there's this saying, you know, the best time to plant a tree is 20 years ago, the second best time is today. I think now's a good time to start planting the seeds of a successful fundraise because it does take time. There's a new normal being established, and so The work that we put in now as founders, I think it is gonna get easier over the next coming weeks and months.