@charlieweaverswright — 10x breakout

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A founder rejected me 🥲

@charlieweaverswright

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Why it worked

The video likely resonated with viewers due to its relatable narrative about the challenges of fundraising and the vulnerability of sharing a rejection experience. The creator's candid and reflective tone, combined with the common theme of startup struggles, likely contributed to its engagement.

Summary

The creator, a VC, shares their experience of being rejected by a founder they had invested in. They explain that the founder wanted to reallocate funds to sector-specific investors, leading to the creator's exit from the deal. The creator reflects on the difficulty of fundraising and encourages founders to be selective about their investors.

Structure

1Introduction to rejection by a founder
2Context of the investment and the founder's business
3Reason for rejection: shift to sector-specific funds
4Reflection on the difficulty of fundraising and appreciation for founders
5Encouragement to founders to be selective with investors

Product placement

The creator mentions investing in early-stage companies and discusses the process of fundraising from founders. The video does not explicitly name or promote a specific product or service.

On-screen text

A founder rejected me 🥲 I JUST GOT REJECTED BY A WHICH AS A THINK IS QUITE BUT IT SUCKS, BE TRANSPARENT ABOUT SO FOR CONTEXT, I'M A V I INVESTED FOR INTO, UH, INTO EARLY STAGE WE COMMITTED TO THIS BUSINESS. AMAZING. BUILDING IN THE FOOD TECH SPACE VERY EARLY, BUT JUST VERY HIGH CONVICTION IN THE FOUNDERS AND, OF MARKET THAT THEY WERE TACKLING. UM, WE COMMITTED COMPETITIVE. IT GOT COMPETITIVE VERY QUICKLY AFTER WE COMMITTED, UM, OF GOOD VALIDATION I GUESS. ANYWAY, LONG STORY SHORT, FOUNDER KICKED US BECAUSE THEY WANTED TO GIVE MORE ALLOCATION TO SECTOR SPECIFIC FUNDS. AGNOSTIC INVESTOR. THEY'RE BUILDING IN SORT OF MANUFACTURING TECH SPACE, UM, TECH SPACE, SELLING TO MANUFACTURERS, UM, WHICH OBVIOUSLY SUCKS BECAUSE I THINK ADDED A LOT BUT IT KIND ME. I WAS REFLECTING AND IT GIVES MORE APPRECIATION FOR FOUNDERS THAT ARE THAT ARE FUNDRAISING. BEING REJECTED AT THE BEST OF TIMES, AND, UM, HERE YOU ARE, YOU KNOW, SPEAKING TO FOUNDERS WHO GET REJECTED ALMOST FOR A LIVING, YOU'RE RAISING. MONEY, PARTICULARLY AT PRE SEED AND TO THE EARLY STAGES. APPRECIATION FOR YOU. GOING OUT THERE TRYING TO FUNDRAISE BUILDING SOMETHING. UM. AND DON'T BE AFRAID TO IF IT'S NOT YOU KNOW? PLEASE DON'T TURN US OF COURSE. HA. BUT, UM, YEAH, OF IT. UM, IT SUCKED, BUT I THINK TRANSPARENCY AND VENTURES ARE QUITE KEY.