Full transcript below
Vana Koutsomitis: One of my takeaways from my fundraising experience is that it is a little tougher to raise money as a woman and that isn’t to say that women shouldn’t fundraise so I am by no means saying that but what I am saying is that it is important to understand what you’re getting into.
So if you know, as a woman, that it’s going to be a little tougher for you that means you’ll have a thicker skin going in there and you have to be ready for a little bit more rejection than your male counterparts.
I noticed something during my investment process is that I really wanted to raise money, I really believed in the idea and when I pitched it, I didn’t always get the confirmation from my investors instead I got a lot of questions. That is normal, that is common.
One of the challenges I saw was when I brought my male co-founder with me to the meetings we would get a more receptive vibe.
This could also be explained by the fact that we were two. So a lot of the time, investors like to see two co-founders as opposed to one but in terms of gender and how it plays a role in fundraising, I think it’s just a really important thing to tackle head on and look for investors that match you.
So at the end of the day, you don’t want an investor who doesn’t believe in you, you don’t want an investor who doesn’t want your business to work and doesn’t believe in it.
So I believe that the most important thing to do is to find investors who are smart, who understand your product and who want to propel you forward, so they want to make your business a success alongside you.
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