Startup Funding Secrets How We Raised $2M Efficiently

Tomas Bercovich, CEO of Global66, shares insights on how his company efficiently raised $2 million in startup funding.

What this video covers

Tomas Bercovich, CEO of Global66, shares insights on how his company efficiently raised $2 million in startup funding. The discussion covers various aspects of their journey, including their vision for Latin America's financial future and lessons learned from their entrepreneurial experience.

Transcript

How much have you guys raised today, then? And what has been the experience too of of of going through the motions for raising the money? >> We've raised a little bit north of 20 million. We still have around 40% of that in in cash. So, we've been able to build this company, if you compare to any company similar to us probably in the world, we must be one of the most efficient companies how we have used the capital and the size we have to they relative to how much money we have raised. It's one of the things that I think, of course, we've made a lot of mistakes, but this thing with I think we've done it pretty well. We We haven't raised since 2021. We have been profitable for the last 2 years. So, I think yeah, like raising capital is is is something you need to do to to build a company. There are many I think there are some founders that like focus on raising money and and they

let others to build a company. We see it the other way around. We raise as little gap money as we can and we focus as little time as we can in in raising money and we are all in in in the operation and and and building all the processes, the team, the the talent. I think it's mostly about that. So, yeah, we maybe won't raise any any more money in in the history of Global 66. I don't know, but it's a highly pro possibility.

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•By Alejandro Cremades