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Fundraising Simulator

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  • Patrick Eymann
  • Oleh Oleshko
  • Israel Jay Pelagio
  • i1X472g3kSAdji haFT60TYkMo
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Topic 4, Lesson 3
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Confirm fundraising requirements

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You have just updated your financial model to reflect the $3m that you have managed to raise from asset-based lenders. This reduces your $15m funding requirements down to $12m.

During the next few weeks, you hold a range of discussions with people across your network and determine the following:

  • VSC is unlikely to be able to raise significant funds from lenders given that the company is currently making a loss of around $200k per month and is therefore burning cash on a monthly basis.
  • Your most likely source of capital will be from individual investors or venture capital firms.
  • It appears likely that your fundraising will be in the form of equity and convertible loan notes.

In summary, you will need to raise $12m in equity and/or convertible loan notes from individual investors or venture capital firms.