On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI welcomes Patrick Lor, Managing Partner at Panache Ventures.

Patrick joins us to share the top themes driving startup funding and how founders should think about fundraising in this market.

Specifically, Patrick discusses:

1:17- A walk through Patrick's journey

4:12 - How should founders think about fundraising and valuations?

13:08 - How should founders approach their funding round and relationships?

19:39 - How do startup founders provide value to VCs?

30:42 - Patrick's reaction to FOMO tactics

33:59 - The most common way to raise seed

44:28- How do you define pre-seed vs seed?

46:23 - How do you estimate your pre-revenue valuation?

51:20 - Investor communication and the fundraising process

55:34 - The best and worst things a VC has done for Patrick

58:46 - What Patrick wishes he did less and more of in his career

Learn more at https://tractionconf.io

Connect with Patrick Lor: https://www.linkedin.com/in/patricklor/?originalSubdomain=ca

Learn more about Panache Ventures at https://www.panache.vc/

Panache Ventures VC 101: https://panache.docsend.com/view/9aj5e3j8zjmkj9uj

This episode is brought to you by:

Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses, but the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process enabling companies to get more money faster without the paperwork and audit risk. We don’t get paid until you do! Find out if you qualify today at https://Boast.AI.

Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6000 entrepreneurs from over 100 countries, of which 300 have grown their startups to Seed and Series A stage and raised over $2 Billion in funding. To learn more about Launch's programs or the Canadian Startup Visa visit https://LaunchAcademy.ca

Content Allies helps B2B companies build revenue-generating podcasts. We recommend them to any B2B company that is looking to launch or streamline their podcast production. Learn more at ContentAllies.com

Best Practices for Raising Your Seed & Series A with Patrick Lor, Panache Ventures

Traction Podcast

Best Practices for Raising Your Seed & Series A with Patrick Lor, Panache Ventures