Tiger BufordYour Orthopedic Industry Expert (free today)

Funding tip - thrill a surgeon customer and his distributor may want to invest in your startup.

21 Jun 2024 · 1 min

Watch on YouTube

0:42

A Florida distributor invested in a startup's seed round after the company made custom products for the Paley Institute. The distributor saw the work, asked if they were fundraising, and closed a sizable check in about ten minutes.

Chapters

Have you guys taken any money from your— from any distributors? We have one distributor in Florida that has invested a decent amount in us. Yes, he's affiliated with the Paley Institute. Yeah, that's exactly what occurred with us during the seed round. Our distributor got involved with us. We had just identified them and established a relationship with Paley. He saw what we were doing. Some of the first products that we produced for Paley were on a custom basis. And he called and said, are you raising money? And says, well, just so happens at that point we're in our seed round. Yes, we are. And it took about 10 minutes to close the deal and he wrote a sizable check. So that was, that was one of the easier gets that we've had.