Learn what VCs actually want, from a founder who’s raised $1B

Learn what VCs actually want, from a founder who’s raised $1B From the collection Build Mode Investors want founders who understand the financial reality of their business. Messy data, misunderstood metrics, or waiting until you’re nearly out of cash to start fundraising can cost founders leverage, valuation, and even a term sheet. In this episode of Build Mode, host Isabelle Johannessen sits down with Sasha Orloff, founder and CEO of Puzzle and Startup Battlefield alum, to talk about what he’s learned from building companies that have raised more than $1 billion collectively. Sasha breaks down what investors look for during fundraising, which financial metrics founders should know by heart, and why VCs don’t expect your startup to be perfect — they just expect you to understand its reality. He also shares how he nearly lost a term sheet because his data room wasn’t ready, how fundraising diligence changes as a startup grows, and why getting your financial house in order can help founders raise with more confidence and leverage. Maggie Nye is a Podcast Producer for TechCrunch based in Denver, Colorado. Previously, she worked as the Brand and Content Manager for BUILT BY GIRLS where she developed an interest in tech and a passion for creating equitable and welcoming professional tech spaces. She holds a bachelor’s degree in Journalism with a minor in English from Hofstra University in New York. You can contact or verify outreach from Maggie by emailing maggie@techcrunch.com. October 13 – 15 San Francisco In less than 48 hours, your chance to save up to $300 on your tickets will end! Most Popular Home batteries are suddenly cheap and everywhere. Here’s why. Tim De Chant Cursor capitalizes on GitHub frustration, launches rival hosting platform Lucas Ropek Etched’s valuation doubles to $21B in a month Julie Bort AI automation startup Relay shuts down, staff joins Google’s Chrome team Lucas Ropek Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+ Anthony Ha Anthropic shares more details about how Claude’s new watermarks will work Anthony Ha 7 desk gadgets that can make your workday better Aisha Malik Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch's AI experts cover the latest news in the fast-moving field. Every Monday, gets you up to speed on the latest advances in aerospace. Startups are the core of TechCrunch, so get our best coverage delivered weekly. By submitting your email, you agree to our Terms and Privacy Notice.

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Source: TechCrunch

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