Over the past few weeks, I have been trying to raise money for my startup. As with most startups, raising money is one of the most difficult parts of starting a startup. If you aren’t a B2B Software-as-a-Service (SaaS) startup with recurring revenue in the millions then you have to work much harder to raise capital and convince potential investors that you have a novel, profitable, and sustainable venture.
Beyond the challenges of building a hardware company, building a hardware company in a city that is traditionally known for SaaS startups is challenging. Additionally, having a healthcare focus is challenging as well. So far, I have faced a number of specific roadblocks as they relate to this journey of fundraising. Each roadblock presents a unique set of challenges that I have to face, yet I believe that each challenge provides the perfect grounds to learn from it.
From only beginning this journey, I have learned a lot and hope to continue learning throughout the next few months. Either for me or for you, I decided to list the posts and specific ones related to this state of fundraising and challenges I have faced.
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