How Curtis Northcutt Closed a $25M Series A for Cleanlab (Curtis Northcutt / Cleanlab)
In this episode, Curtis Northcutt, MIT PhD and founder of Cleanlab, shares his compelling journey from rural Kentucky to raising $25 million from Menlo Ventures and Bain Capital. Curtis reflects on the challenges of growing up with limited opportunities, the loneliness of dreaming big in a small town, and how those experiences ignited his drive to build something meaningful. He also dives into the complexities of raising capital during a downturn, balancing investor relationships, and making tough decisions about dilution. With a mix of personal stories, sharp insights, and practical advice, this episode offers a behind-the-scenes look at what it takes to build a startup from scratch and scale it with purpose.
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TBC: Work / Life Balance
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p>
Becoming the Pepsi to Indeed's Coke (Talent.com)
It's becoming more and more common for people to get through college and realize they still have no idea what they want out of life. On top of that, majority of the time we're too scared to do anything about it. Next thing we know time has passed and we feel suffocated in a job we don't even like. We put our dreams on the back burner, sacrificing creativity for stability. For today's guest Lucas Martinez - Co-founder and CEO of Talent.com - he knew right away that the corporate world wasn't for him. Because of this, he knew he had to act on it - fast. This decision let him to start his company with two of his closest friends. It was a messy start, but once they got the ball rolling they were able to land around $1M CAD from angel investors alone. Because of that raise they were able to become pretty profitable. Great, right? But after some time the investors were ready to pull out, and it was time to run a process. In this episode, Lucas talks about what it was like trying to create a business of quality while at the same time scaling it. He talks about mindset, the benefits of working with VC's, the ups and downs of raising, learning to plan, and how passion was the key to Talent.com's success. If you're a founder looking to understand all that goes into scaling and raising for your company, give this episode a listen
TBC: The Role of Emotions in Pitching
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p>
TBC: What VCs Are Saying About AI Investing
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p><p id=""></p>
Thriving With or Without Funding (Acquire.com)
Andrew Gazdecki might have had some successful raises (totaling over $11M for his most recent venture) but paradoxically, he believes 99% of founders shouldn't raise. As the founder of Acquire.com, the best online marketplace to buy and sell startups - Andrew fills us in on the dangers of placing too much importance on fundraising as a founder. Instead he believes in focusing on constant improvement, listening to your customers, and creating an amazing culture. From there, everything else will fall into place. Glorified by the media, fundraising lots of dollars seems to be equated to running a successful company - something Andrew thinks is far from the truth. Look out for our conversation with Andrew where he tells us about growing up with an itch to be an entrepreneur, building a business of value, and utilizing his resources (even when he started with none) to find the perfect investors. If you're a founder getting ready to raise or thinking of raising, you don't want to miss his insights.
TBC: Intros & Forwardable Emails
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p>
TBC: Side Letter Warning
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p><p></p>
The Hustler's Journey (Arkive)
A lot of people say that the hustle of an entrepreneur starts long before their first business. For Thomas McLeod, 5x serial entrepreneur, this couldn't be more true. Growing up, Tom never stayed in the same place for too long. Constantly bouncing around to different schools, it got him used to being uncomfortable and facing challenge. By the time he was in middle school, Tom was already calculating profit margins off of baseball cards that he was selling to his fellow classmates. As we get deeper into the episode, Tom speaks on some of the difficulties and achievements he faced along his path of building five different companies and the lessons that he learned along the way. One of those lessons being to drop the expectation of things always working out as a founder. Instead, he speaks on learning from his mistakes and using them as opportunities to better not only his company but also his character. Now, Thomas is building his 5th company Arkive, a decentralized museum of culture curated by its own members, which was able to raise a $9.7 M seed round back in July of 2022. Whatever Tom's doing, it's working. Regardless if you are a founder or not, this episode is full of mindset gems that can be applied to almost anything in life.
TBC: Putting Project Management First
<p id="">This is a fantastic episode covering one of the most important insights around fundraising</p><p></p>