Insight certainty 3/5 debate potential 2/5

Torrivilla: Profitability gives startups leverage for faster fundraising

Vanessa Torridilla · Founders of Science Exchange, Goldbely, and The Flex Company Discuss Fundraising · Y Combinator · Aug 16, 2017 · at 23:27

Vanessa Torrivilla, co-founder of Goldbelly, shares fundraising advice at a Y Combinator panel regarding investor leverage.

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“If you've already worked out your unit economics and you, you've become profitable, then, you know, you have a little bit more leverage to have, you know, I feel like a faster, ah, fundraise process.”

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More from Vanessa Torridilla

Assertion Not checkable as stated
Torrivilla: Goldbelly reached profitability before raising its Series A
“The reason we did it pretty quickly is because we had gotten profitable before we went out for a Series A, which I forgot to mention.”
Vanessa Torridilla Aug 16, 2017 ▶ 23:17 Founders of Science Exchange, Goldbely, and The Flex Company Discuss Fundraising · Y Combinator
Insight
Torrivilla: Working 24/7 actually slows your company down
“What you don't realize is that you can burn out if you're just working 24 seven. If what, if you leave work and go home and continue to work, you're not gonna make better decisions for your company. It's actually gonna slow you down.”
Vanessa Torridilla Aug 16, 2017 ▶ 24:52 Founders of Science Exchange, Goldbely, and The Flex Company Discuss Fundraising · Y Combinator
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