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The Climate Pioneers Show - S5: E1. The Legalities of Raising from Angels ft. Ben Keene (Raaise) and Fran Spooner (corporate lawyer)

S5: E1. The Legalities of Raising from Angels ft. Ben Keene (Raaise) and Fran Spooner (corporate lawyer)

04/18/24 • 53 min

The Climate Pioneers Show

For the first episode of this series, Funding a Better Future: Angel Investment Insights for Founders and Aspiring Investors, I spoke with Ben Keene from Raaise and corporate lawyer, Fran Spooner.


Video versions of this and previous episodes are available here.


3:25 - Coming out the other side of a bad time for fundraising


9:38 - When to talk about your startup for fundraising


12:00 - The investors are vetting you as much as you are vetting them


15:00 - Getting your ducks in a row, from cap tables to contracts


16:08 - Early stage metrics


19:48 - How long does fundraising take?


22:11 - How to benchmark a sensible and sustainable valuation for your business


28:55 - Ways to get investment without a valuation or giving away equity at that time


30:16 - Do you or don’t you engage a lawyer?


39:17 - The difference between engaging with angels individually or through a syndicate


44:00 - What to think about post-raise


Hosted on Acast. See acast.com/privacy for more information.

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For the first episode of this series, Funding a Better Future: Angel Investment Insights for Founders and Aspiring Investors, I spoke with Ben Keene from Raaise and corporate lawyer, Fran Spooner.


Video versions of this and previous episodes are available here.


3:25 - Coming out the other side of a bad time for fundraising


9:38 - When to talk about your startup for fundraising


12:00 - The investors are vetting you as much as you are vetting them


15:00 - Getting your ducks in a row, from cap tables to contracts


16:08 - Early stage metrics


19:48 - How long does fundraising take?


22:11 - How to benchmark a sensible and sustainable valuation for your business


28:55 - Ways to get investment without a valuation or giving away equity at that time


30:16 - Do you or don’t you engage a lawyer?


39:17 - The difference between engaging with angels individually or through a syndicate


44:00 - What to think about post-raise


Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

undefined - S4: E6. Josef Bromovsky from Algoma

S4: E6. Josef Bromovsky from Algoma

On our sixth episode of Building a Better Future: Stories from ClimateTech Founders on the East Coast, I spoke with Josef Bromovsky from Algoma.


0:10: Introduction

2:25: Are you able to share with us a little bit more on Algoma? What’s the problem space you’re in and exactly how is the solution that you’ve come up with, addressing that? Why is it unique in the space?

4:11: How does that come in from a cost parity perspective? How do you make it viable?

5:46: Where did this passion from climate and sustainability come from?

7:17: Did the entrepreneurial spark come in once you realised the negative affect the construction and engineering space has on climate or has that always been there?

8:25: Where did you meet your Co-Founders and when did you feel confident enough to go for it?

10:10: Did you have the idea for Algoma prior to undertaking the MBA or did the idea come to you as a result of doing the MBA?

12:30: How do they compare in terms of quality and durability in natural disaster zones?

14:12: How do they work around local planning acts and specific requirements in particular areas?

15:38: You’re 9 months into your journey now. Is that right?

16:07: What have the first 9 months looked like? Including the highs, the proud moments and the achievements? What are some of the challenges you’ve faced in that time period?

17:43: Are you focused predominantly on domestic builds or commercial? Or both sides?

19:05: Regulatory-wise, how do you think the regulatory market, policies and attitudes in general are going to work against or in your favour in the future?

20:19: What is the embodied carbon difference between a mass timber building vs a concrete building for example?

22:08: Talk me through the highlights of your journey so far. What have you got coming up that you’re excited about?

23:30: From an accelerator perspective, what are the key benefits you think you get from going through those and what do you think the key take aways are?

25:53: You mentioned about hiring already but are there any other asks that you would have? What could help you next year?

26:41: What community / people-based resource have you found to be the most impactful for your journey so far?

27:18: What media-based resource have you found to be the most impactful for your journey so far?

29:10: Do you have any productivity tips to manage your workload or work-life balance?


Video versions of these episodes are available here.


Hosted on Acast. See acast.com/privacy for more information.

Next Episode

undefined - S5: E2. What It's Like to Raise Investment from Angels ft. Anna Sandgren (CEO and Co-founder of Unibloom)

S5: E2. What It's Like to Raise Investment from Angels ft. Anna Sandgren (CEO and Co-founder of Unibloom)

For this episode of Funding a Better Future: Angel Investment Insights for Founders and Aspiring Investors, I spoke with Anna Sandgren, CEO and Co-founder of Unibloom.


Video versions of this and previous episodes are available here.


4:45 - When did you know it was time to raise your next round after being part of Zinc?


6:00 - How did you know where to find people and start conversations?


7:43 - Building connections and the value of intros


10:16 - Getting a sensible valuation for your business


11:52 - How did you balance finding and communicating with investors alongside the day-to-day building of a business?


13:53 - What did you learn about your business during the process?


19:07 - What were the biggest objections you faced from potential investors?


22:02 - Syndicate Room angel network


22:44 - How to manage investor communications post-close


27:24 - In-person investor communication and celebration


29:00 - What does the next raise round look like and how will this round shape the next?


32:46 - How much do you think your personal brand has fed into the success of your fundraising?


35:48 - What general advice would you give to someone who is 18 months to two years behind you?


Hosted on Acast. See acast.com/privacy for more information.

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