Started a connected health startup … bootstrapped all the way to a completely technology ready medical device. Business and value props too … Heck did a study to show users were successful with our product. And still not a stinking penny from an investor.

  • How many investors have you pitched to? My stat is I pitched to 100 people and got 100 No’s before scooping my first $1mm. Until you hit 100 No’s I would keep pitching! Ps. The last $15mm I raised the hit rate was closing 25% of pitches, so it gets better as the business developed. First money is hardest to raise IMO.

  • By the time you can raise money, you won’t need it. That’s the state of venture capital. Just work on your business and dial back your ambitions to get to profitability.

    • Agree on this one. When we needed it nobody gave a damn about us. Now 1,5 years later we grow fast and turn VC money down as we simply don’t need it.

  • Oversaturation in the health-tech sector…. We see almost a deal a day in this space. Too many deals chasing too few dollars. You’re probably being crowded out by the rest of the noise.

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