I agree, tough times to raise capital, especially if it’s not marketing focused. Along the lines of what you’re talking about, we raised credit from inside investors to ramp up marketing and revenues to justify a higher valuation for next round.
Am considering US, European and Asian VCs (ones that have invested in digital & online travel) for future raising, given Australian VCs seem much more risk averse to the category and want a more mature balance sheets.
ABOUT THE AUTHOR
SmartCompany is the leading online publication in Australia for free news, information and resources catering to Australia’s entrepreneurs, small and medium business owners and business managers.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.