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How Brian Sheng Closed a $112M Round for Aquaria (Brian Sheng / Aquaria - Ep 55)
Raising money isn’t just about convincing investors—it’s about surviving long enough to do it. Brian Sheng, founder of Aquaria, bootstrapped millions of his own dollars, ran relentless product-market fit experiments, and faced rejection after rejection before securing a $112M round to scale his breakthrough water technology. We dive into the toughest moments of his fundraising journey, the insight that finally got investors on board, and the mindset that kept him pushing forward. If you’re a founder struggling to raise capital, this episode is a must-listen.
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Check out our latest chats with awesome founders.

TBC: Revisiting Post-Money vs Pre-Money Cap SAFEs
In this episode of The Backchannel, we revisit a fundamental topic that every founder should understand: post-money cap SAFEs and their implications.

TBC: Investor Lists & Launching a Fundraise (HOW TO)
In this episode of The Backchannel, Jason dives into one of the most overlooked yet essential tasks in fundraising: building your target investor list.

How Christal Wang Closed a $2.2M Seed Round for Shimmer (Christal Wang / Shimmer)
Fundraising can be both the most aggravating and comforting part of a founder’s journey. It only takes one “yes” to change everything, but getting there often means facing a mountain of “no’s.” Not every founder has the resilience to push through the rejection, but those who do often find success right when they’re ready to give up. In today’s episode, I chat with Christal Wang, co-founder and CEO of Shimmer, the top ADHD coaching platform for adults. Christal shares her journey from YC to closing a successful pre-seed round, and how she navigated the challenges of raising a $2.2M seed round after a major pivot. We dive into the emotional toll of fundraising, the importance of perseverance, and how a single “yes” can make every rejection worthwhile.

TBC: What Do Pre-Seed & Seed Rounds Look Like in This Market?
In this episode of The Backchannel, we dive into a topic that’s been on a lot of founders’ minds: the difference between pre-seed and seed rounds in today’s shifting market.
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How Orri Bogdan Raised a $2M Seed Round for VAE Labs (Orri Bogdan / VAE Labs)
In this episode, we explore the realities of fundraising with Orri Bogdan, Founder and CEO of VAE Labs. Like many founders before him, Orri’s journey to raising a $2M seed round was fraught with challenges. From losing co-founders to product failures and numerous rejections from VCs, Orri faced it all. Yet, he persevered by immersing himself in founder communities, forging connections, and eventually securing funding from Draper Associates. Orri’s story is a testament to the grit and determination required to succeed in the startup world. Before we hear Orri’s inspiring story of resilience and success, we’ll explore what led him to become the determined founder he is today.

TBC: Why You Need Deadlines for Your Raise
In this episode of The Backchannel, the focus is on the critical role deadlines play in successful fundraising efforts.

TBC: How To Show VCs Traction
In this episode of The Back Channel, we explore a critical topic for founders: showcasing traction to VCs.

TBC: Answering Founders Questions About The Fundraising Process
In this episode of The Backchannel, we revisit a popular topic among founders: how to create efficient fundraising processes. We address several questions submitted by founders, exploring various aspects of the fundraising journey.
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How Coco Brown Raised $2.5M in Venture Capital for Athena Alliance (Coco Brown / Athena Alliance)
In this episode, we sit down with Coco Brown, founder of Athena Alliance, to discuss her journey of transforming a nonprofit into a venture-backed enterprise and successfully raising $2.5M in funding. Coco shares her experience with the challenging fundraising climate of 2023 and how she navigated countless investor rejections. She talks about the pivotal moment when one investor’s commitment turned things around and how that single yes sparked a wave of support. We explore her strategies for capital efficiency, the importance of community, and the innovative approaches she took to secure funding. Listeners will gain insights into the realities of raising capital, the power of perseverance, and the impact of having a strong network. Coco's story is a testament to the resilience and creativity required to succeed in the startup world.
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