$10M Raised, 500K Users, but she still failed—here’s what went wrong | Benedetta Lucini, Founder of Oval Money

This is the brutally honest startup story every founder needs to hear. Benedetta  shares how she built a fintech app to half a million users and raised $10M—yet still failed. You’ll learn why chasing big partnerships can backfire spectacularly, how a seemingly successful startup can quietly fall apart, and how to set yourself up to avoid common but deadly fundraising mistakes. This isn’t just another success story; it’s a real guide on how not to fail.Why You Should ListenDiscover why even rapid growth and millions raised might not save you.Find out the hidden dangers of relying on corporate VCs.Learn why equal founder equity splits might not be a good idea.Hear the biggest fundraising mistakes early-stage founders make (and how to avoid them).Get practical advice on how to truly validate your startup before building tech.Keywordsstartup failure, fundraising mistakes, fintech startup, founder lessons, corporate VC, startup partnerships, product validation, founder equity split, early-stage fundraising, startup growth challenges00:00:00 Early Days at Uber and Moving into Fintech00:07:00 Launching a Consumer Fintech App in Europe00:13:37 Validating Without Tech Building an MVP by Hand00:19:22 Why US Startup Models Don’t Work in Europe00:23:07 Raising Money Quickly—and the Hidden Costs00:28:56 Running Out of Cash When COVID Hit00:32:15 Tough Decisions Layoffs, Sales, and Shutdown00:37:53 How Big Partnerships Can Sink Your Startup00:43:41 Staying Optimistic Even When Everything Falls Apart00:46:38 Crucial Fundraising Advice for Early-Stage FoundersSend me a message to let me know what you think!