Fundraising
February 8, 2024
by

So, You Closed a Financing Round - Now What?

The first six months post-funding can be way more challenging than what you think. Here’s a chick guide we made to help you in this new journey. We'll be talking about making smart moves, having visionary leadership, and optimizing those resources you just got.

Congrats!! You just achieved one of the most difficult things one entrepreneur faces when starting a project: securing the cash.

Now you’re on the post-financing phase and it's time to strategically handle this funds. We've been down this road, and we’re here to guide you through this journey.

Month 1-2: Crystalize Your Vision

Refine your vision and ensure every team member is on board. This clarity becomes your north star, guiding decisions and actions throughout the upcoming challenges.

Airbnb's CEO, Brian Chesky, emphasized the importance of a clear vision when he transformed his company from a struggling startup to a global hospitality giant.

Month 2-3: Invest in Talent

Your team is the heartbeat of your venture. Identify key hires that complement your strengths and fill critical gaps. Consider specialized services when needed; it's often more efficient than in-house hires.

Month 3-4: Strategic Resource Allocation

Carefully allocate your budget where it matters most. Prioritize product development, marketing, and customer engagement. Smart spending now lays the groundwork for sustainable growth.

Slack invested heavily in user experience and community building, leading to widespread adoption and a successful exit to Salesforce.

Month 4-5: Outsourcing vs. In-House

Decide when to outsource. If a specialized studio can deliver faster and more cost-effectively than hiring in-house, consider it. Outsourcing allows you to focus on core competences and achieve rapid scalability.

Month 5-6: Agile Product Development

Adopt an agile development approach. Break down your product roadmap into manageable sprints. Flexibility is your ally; adjust based on user feedback and market dynamics.

Statistic: 90% of successful startups credit their initial growth to agile product development strategies.

Beyond Month 6: Measure, Pivot, Repeat

Constantly measure key metrics. Be ready to pivot based on real-time data. The ability to adapt is your essential in the startup ecosystem.

Twitter's success involved a series of pivots based on user behavior, shaping it into the microblogging platform we know today.

Ready to amplify your startup journey? Click "Get matched" and let us connect you with tailored service providers, optimizing your journey for success.

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FAQ

Dealmate is like if Tinder, Uber, and Techcrunch had a baby

We embrace the startup culture and provide founders with a digital place to learn, stay up to date, and discover providers, colliding both worlds for the first time in a match-making tool :)

Like Tinder because…

We use proprietary software to match startups with a curated selection of studios, agencies, and professionals by summiting a simple form with their needs, budget, and timeframe.

Inspired by Uber infrastructure…

Providing an end-to-end experience by managing the entire process on a single platform, we reduce the stress, hunt, and communication issues often experienced during the briefing, payment, and even feedback stage.

With the Techcrunch approach…

We aim to empower the ecosystem by amplifying stories from founders and providers to become a powerhouse of content leveraging the massive reach of online media into attention for our partners.

Who is behind dealmate?

Dealmate was born out of the frustration of Iñigo as a startup founder, Adrian burned out as a creative studio owner, and the experience of Sharon being a programmer and designer. Our journey as founders inspired us to create the platform we all dreamed about, facilitating the deal flow experience between startups and providers.