Confessions of a Conscious CEO
Selina Ho
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Raising Capital for a Social Impact Startup With Daniel Samosir Botcherby
I interview Daniel Samosir Botcherby, the Co-Founder & CEO of Kalda, a digital mental health platform created to support the LGBTQIA+ community in this episode. We dive into the personal story that inspired Kalda, the challenges of building a mission-driven startup, and the realities of raising capital while staying true to social impact values.We discuss: His personal experiences that led to the creation of KaldaThe tension between social impact and the traditional VC fundraising modelHow to decide how much to raise and avoid over-dilution in early roundsKey lessons on finding product-market fit and balancing growth with careRESOURCES → GTM Essentials Course: https://selinaho.com/gtm-essentials → GTM Consulting: https://selinaho.com/consulting → Client Session With Dan: https://youtu.be/kiRVGvtLE8I LET’S CONNECT → LinkedIn: https://www.linkedin.com/in/selinaho → Instagram: https://www.instagram.com/selinajho → TikTok: https://www.tiktok.com/@selinajho_ TIMESTAMPS 00:00 Introduction 01:32 Free GTM Essentials Course 03:35 Dan's Journey 07:33 The Importance of Safe Spaces 07:43 Building a Business Builds You 08:21 Fundraising for Kalda 09:19 Balancing VC Ambitions with Social Impact 09:58 Navigating the VC Model 10:32 Finding the Right Investors 11:26 Laying the Foundation for Growth 11:54 The Importance of Product Market Fit 11:58 Deciding How Much to Raise 14:12 Avoiding Overvaluation and Dilution 16:37 UK vs. US Fundraising Markets 17:50 The Challenge of Fundraising and Building 18:24 Getting Your First Investors 20:08 The Role of Accelerators and Community 21:06 Choosing the Right Investors 24:56 Guiding Principles for Fundraising 26:10 The Importance of Speed in Fundraising 26:51 Setting Your Terms and Valuation 27:36 Creating Urgency to Close the Round 27:51 The Power of Walking Away 28:22 Maintaining Confidence as a Founder 28:59 The Journey of a First-Time Founder 29:27 The Role of a CEO in a Venture-Backed Startup 30:12 Balancing Personal Challenges and Fundraising 30:35 Support from Investors and Friends 31:36 Navigating Grief and Fundraising 32:08 The Importance of Clear Goals 33:11 Managing Stress and Avoiding Burnout 33:34 Creating Systems for Fundraising 33:55 The Challenge of Fundraising Alone 35:40 Prioritizing Business Goals 37:52 The Problem Kalda is Solving 39:31 The Cost of Private Therapy 41:48 The Importance of a Scalable Solution 42:21 Simplifying the Product 43:02 Lessons in Marketing and Branding 43:45 Reevaluating the Business Model 47:32 Final Reflections and Advice
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