Geri Kirilova Managing Partner at Laconia Venture: Advice on Fundraising
As a seasoned entrepreneur and investor with a wealth of experience in the startup world, Geri offered valuable insights into the often challenging process of securing funding for a new venture.
One of the key takeaways from your conversation was Geri's assertion that the fundraising landscape is a difficult ecosystem for entrepreneurs to navigate. She emphasized the importance of having a clear understanding of your business and its unique value proposition before approaching investors, as well as the need to build a strong network of supporters and advocates who can help you make valuable connections in the industry.
Geri also highlighted the fact that fundraising doesn't always make sense for every business, and that entrepreneurs should carefully evaluate their goals and growth plans before embarking on a fundraising journey. In some cases, bootstrapping or pursuing alternative forms of financing may be a better fit for a given business, depending on factors such as its size, industry, and growth trajectory.