Fundraising Friction Is Killing Your Momentum

Andy Walsh: The two words there to, for me, that stand out is the friction versus programmatic element of it. Friction, as everyone knows who's gone through investment or an exit, is the back and forth, the compliance, the legal reviews, any nuance that comes out in the data room. There's so much that happens. And if you're able to streamline that, it means that everyone across the board can spend more time focusing on the things that are important, which is typically growing the business, doing all the things that you need to do. Like as much as capital is great in, it's a time suck completely for just going through that process of not fundraising. Obviously that's a lot of time, but the actual just part of getting money in the door. You don't just pitch well and someone says, I'll spend it. And then you have money in the bank in a few days. There's months of work that follows that and you still need to be able to run your business.