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Mentava

mentava.com · 2,463 words · saved by 1 readers

When I set out to raise the seed round for Mentava (an edtech startup to accelerate childhood learning) earlier this year, I knew it would be a challenge. I was a solo, non-technical, first-time founder, pre-product, pre-team, without an impressive resume or connections to the investors I wanted. Nevertheless, our seed round accomplished everything we needed. Our round was way oversubscribed and we ended up raising $3m from over 50 of the best angels in the world, like Garry Tan, Tim Ferriss, Eric Ries, Balaji Srinivasan, plus founders of Figma, Flexport, Replit, Intercom, Thumbtack, Lambda School, Outschool, and a lot more. As a lucky bonus, we also did it right before the crash, which means we got a very favorable valuation, which means that not only do we have a lot of runway, but we retained a lot of equity for our team. My fundraising strategy was somewhat different than I’ve seen described elsewhere, and I think it’s a particularly useful framework for founders who don’t have a s

How I got 50 high-profile angel investors to join our seed round Nov 2 Written By Niels Hoven When I set out to raise the seed round for Mentava (an edtech startup to accelerate childhood learning) earlier this year, I knew it would be a challenge. I was a solo, non-technical, first-time founder, pre-product, pre-team, without an impressive resume or connections to the investors I wanted. Nevertheless, our seed round accomplished everything we needed. Our round was way oversubscribed and we ended up raising $3m from over 50 of the best angels in the world, like Garry Tan, Tim Ferriss, Eric Rie

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