A Coffee Meeting That Made Me Think Differently About Funding

 

I met with a founder for coffee the other day.

We sat down to have a drink. He had prepared a presentation. I took my notebook with me. This is standard.

James has a startup that operates in supply chain. His books were in order. But it wasn't his presentation that lingered.

It was what he said.

We were wrapping up from our session when he said his mentor told him this piece of advice: "Good founders are valuable even if they fail."

I rested back in my chair. He was correct.

The best successful founders I have worked with aren't necessarily individuals who have a single good idea. They solve problems. If something doesn't pan out, they adapt. They learn. They continue to build.

Sophisticated investors know this. That is why they typically invest in the same founders over and over again, even after a failure.

Occasionally the best concepts come from casual conversations over coffee.

Need more advice on funding? I publish posts on a daily basis. Want a one-to-one consultation? Book it today.

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Helping businesses raise funds, is my job, it’s what I excel at.

I’ve successfully assisted over 300 clients in securing more than $20 million in funding.

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