Bizcast: SaaStories – In Conversation with Itay Sagie Founder of VCforU.com and Senior Advisor at Allied Advisers.
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- Itay Sagie is the Founder of VCforU.com, Strategic advisor to growth-stage tech companies, and Senior Advisor at Allied Advisers a boutique Investment Bank from Silicon Valley. Itay began his career as a Biotech Engineer at MIT and went on to become an entrepreneur raising millions for his own startups. Itay is a lecturer and Contributor to Crunchbase around Fundraising, Finance and Unit Economics. Starting with a simple questionnaire, VCforU grew to become a platform for startups to create a one-page information summary to attract investors.
- Investors have become conservative. They want to invest in companies that are profitable or are checking the right boxes that will eventually make them profitable, as opposed to growth at any cost. This trend had started even before the pandemic. The right mindset for-profit orientation is therefore essential.
- The investors are also conservative in terms of the stage of the company in which they are investing. While the investment sizes have gone up, it is also very hard to get investors to put in money into seed-stage companies. Investors are keener to invest in growth-stage companies.
- Post pandemic, it is even more difficult for organizations who have not garnered enough revenue, to find VC funding. A million dollars ARR is possibly what VCs are looking for if they want to invest in a company.
These and more Stats, Data and inside stories in this insightful episode of SaaStories
Run time – 44.07 mins.