Successful Crowdfund and raising over $200M in Capital for Startups with Patrick Henry
Episode 18
Have you thought about raising capital for your company? Don't miss this episode with Patrick Henry, CEO & founder of GroGuru.
Patrick is a serial entrepreneur with multiple exits, including Entropic, which he took from pre-revenue all the way through a successful IPO and a $1B valuation. His latest company, GroGuru has raised $3.8M in seed funding prior to just wrapping up a massive $2M raise on Wefunder in a month. Patrick was previously an equity crowdfunding skeptic and shares his tips for companies looking to raise capital and secrets for running a successful equity crowdfunding campaigns.
Enjoy this episode with Patrick Henry.
🎙 New Podcast Episode
Show Notes
0:00:00 Welcome and context
0:01:50 Who is Patrick Henry?
0:05:16 Lessons learned from different channels of funding
0:11:01 What is the best source to look for fundings?
0:14:50 When to shut down to raise money?
0:19:11 What changed your mind about crowdfunding?
0:24:34 What are the 7 Secret Ingredients to Successful Crowdfunding?
0:30:30 Transfer of knowledge and experience from previous Kickstarter campaigns
0:33:33 What makes Agriculture Technology exciting for investors?
0:35:41 Importance of simplicity in messaging
0:36:59 How did you use Wefunder most effectively?
0:41:31 How did you use valuations for GroGuru?
0:45:26 What to do when you’ve raised more than expected?
0:46:58 What’s next on GroGuru’s roadmap?
0:49:39 Are IPOs the focus of attention for GroGuru?
0:55:59 Where can people find out more about you?
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