1st-time founder meets 120 VCs— closes $2.7M in 5 weeks, 10x oversubscribed. Here's the step-by-step guide to close a round. | Andrew Rea, Founder of Taxwire

Andrew spoke with 120+ VCs to raise a $1.5M pre-seed round. He closed $2.7M and had demand for many millions more. He devoted 90% of his time to fundraising, but only took weeks from the first meetings to close. 99% of founders I meet do not fundraise at this level. It takes them longer to close, they have fewer choices and raise less. This is a specific, detailed and tactical guide to closing a round. If you're ever going to raise, you need to listen.Why you should listenWhy talking to more investors will help you raise 10x faster.How to use an investment memo to articulate your thoughts and as a base to build a pitch deckHow to get warm introductions to VCsHow to take control of investor meetings and put VCs on their heelsKeywordsfundraising, seed round, investors, memo, deck, pitch, negotiating terms, trust, conviction, dilutionTimestamps:(00:00:00) Intro(00:02:02)How Taxwire Thought About Fundraising(00:04:02) The Start of Taxwire(00:06:32) Making a Memo Before a Deck(00:09:50) Reaching Out(00:16:10) Wanting to Oversubscribe(00:21:32) Keeping Control and Qualifying Investors(00:31:10) The Basic Structure of the Pitch(00:34:24) Target Close Day(00:39:01) The Timeline for Fundraising and Meetings(00:44:41) Deciding Who to Accept Funds From(00:50:18) One Piece of AdviceSend me a message to let me know what you think!