Here's something that can fill a founder with dread: Doing a raise.
Luckily, it's something our own Britt de Visser gets asked about all the time, so we asked her to sum up her advice in one short video.
Of course if you need more help, be sure to get in touch 🍰
He founders Britt here from Cake. I talked to a lot of founders who are approaching a fundraise. And so I wanted to share three ways in which Kate can support you if you find yourself in this boat. So number one is with clean organized cap tables. If you find that your cap table has gotten a little messy and Excel or in Google Sheets, you could just drag and drop upload those cap tables into Cake and our team will actually build out the complete and historical cap table for you within a couple of days. And it just really signals a level of. Maturity and professionalism that investors really like to see makes it really easy to share clean, accurate, up-to-date cap table files with your investors. Perspective investors. It streamlines the due diligence process with their data room. So just a nice way to signal some organization and maturity to prospective investors. #2 is it's often a good idea to get a 409A valuation done ahead of a fundraise and so cake offers really quick and affordable for any evaluations. And #3 is with a really robust scenario modeling tool that can help you make some really financially informed decisions as you navigate the raise. You can model out different fundraising scenarios and see how those impact dilution of the cap table. You can see how safes and convertible notes will convert in different scenarios. So yeah, those are three ways that we could support you if you are approaching a fundraise. If any of this sounds interesting, hit me up, I'd love to chat.
