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Kevin du Roscoat's roundtable highlighted key strategies for startups navigating the critical jump to Series A funding, stressing preparation, profitability, and the crucial role of external CFO support.
On September 28, Kevin du Roscoat, Co-Founder of Coactiv, led a round table discussion at Totem in Grenoble focusing on preparingfor Series A funding. The panel included Marine Glon of Supernova Invest, Rémi Prunier from Orange Ventures, and Rémi Thomas of In&Motion. In a landscape marked by reduced valuations and fewer transactions, the discussion revealed several key insights:
●The transition from seed to Series A funding is successful for only a limited number of startups. It is vital to be prepared for the possibility of an unsuccessful funding round and to consider aiming for profitability by reducing costs.
●Startups should plan their funding needs in advance and aim to have a 12-month runway to enter this phase confidently.
●Determining if a startup is VC-compatible is crucial. Founders must assess whether they can achieve the valuation VCs expect in the next funding round.
●The leap inventure capitalist(VC) expectations between Seed and Series Arounds is significant, particularly regarding financial data and the startup's financial maturity. Fundraising can betime-intensive and may distract the leadership team from the business.
●Startups are advised to seek assistance, for example, by hiring an external CFO. This can help structure the financial side, ease the fundraising process, and enhance startup management post-funding.
●Fundraising also requires substantial lobbying.
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