The pandemic won’t last forever, and weddings are poised to come roaring back, so we spent extra time on our deck to assure potential investors that the rebound is much sooner and more profitable than they thought.
When COVID happened, it blew up our idea because people simply couldn’t meet up in person anymore. However, because I still believed in our mission and vision, We decided to pivot and turn our idea into a video-first community platform.
If it was not for DocSend, we wouldn’t have been able to complete our pre-seed raise in such a small time frame. Using specific links to track document analytics helped us focus our energy on reaching back out to the right investors who were actually interested.
One of the biggest lessons I’ve learned about fundraising is one I learned quickly during this last round: investors want to see more than good numbers. Compared to a seed round, investors are looking for more documents, proof of traction, and a compelling pitch deck in a Series A.
We did a little investigating into the decks that came into the DocSend Fundraising Network during Q3. Let’s find out a little bit more about what kinds of teams have been raising money, where they’re from, and what kinds of spaces they’re innovating in.