Oct. 20, 2022
What I Learnt from 4 failed Startups and 8 Rounds of Fundraising
With 8 rounds of fundraising under his belt, David Simonarson, founder and CEO of Smitten, shares his secret for doing successful fundraising. He also talks about his previous four failed startups and what he learned from each one of them.
[2:15] - Online dating market - is there space for one more?
[4:47] - Lessons learned from previous startups - retention, defensibility, product complexity, and proving pmf outside of your home market.
[16:39] - Never giving up
[20:52] - With 8 rounds of fundraising under his belt, David shares his secret for fundraising.
[29:00] - Seed stage valuation
[29:54] - Iceland as a growing entrepreneurial hub
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