S5: E5. Due Diligence for Raising Angel Investment ft. Molly Allington (Albotherm)

For this episode of Funding a Better Future: Angel Investment Insights for Founders and Aspiring Investors, I spoke with Molly Allington, CEO and Co-founder of Albotherm, about the fundraising process and in particular, the due diligence experience..Video versions of this and previous episodes are available here.Albotherm.com2:09 - How Molly came to set up Albotherm3:09 - How did you go from it being a summer project to a fully-fledged business?4:26 - How did you decide it was time to raise initial funds after grants?6:29 - What did your first round of funding unlock for you in progress?7:33 - What is Albotherm developing8:45 - Will you venture into offering your coatings in other industries?9:34 - How did you know it was time to raise a seed round?10:55 - What was your strategy for the seed raise?12:10 - How did you value the business for a raise and how did you decide how much to raise? 15:34 - What kind of objections did you come up against?17:22 - What was the due diligence process like?19:06 - What did due diligence teach you about your business?20:06 - How did you know what to pull together in advance?21:13 - When did you put a board together?22:08 - How has angel investment played into things?23:45 - How do you stay in touch with investors?24:13 - How frequently and how deep do you have to go with financial and impact reporting?25:27 - What were your biggest learnings from fundraising?27:57 - How did you clarify your messaging and how did it evolve over the process?29:48 - What did you need to have in your data room?31:23 - What did your seed round enable you to do, and what are you excited about coming up? Hosted on Acast. See acast.com/privacy for more information.