They raised millions for their startups... but how?

How do entrepreneurs convince people to give them money? We profile founders who've gone through the fundraising gauntlet in order to get their venture off the ground.

They raised millions for their startups... but how?

How do entrepreneurs convince people to give them money? We profile founders who've gone through the fundraising gauntlet in order to get their venture off the ground.

They raised millions for their startups... but how?

How do entrepreneurs convince people to give them money? We profile founders who've gone through the fundraising gauntlet in order to get their venture off the ground.

HOSTED BY JASON YEH

They raised millions for their startups... but how?

How do entrepreneurs convince people to give them money? We profile founders who've gone through the fundraising gauntlet in order to get their venture off the ground.

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The Backchannel
November 14, 2024
8
mins

TBC: The Importance of Jumping on Planes

In this episode of The Backchannel, we explore why making in-person connections can be a game-changer for founders. Recorded on location in Austin, Texas, Jason shares insights sparked by his own travel experiences, focusing on why meeting face-to-face can have a major impact on relationship-building, especially when it comes to securing investments.

In this episode of The Backchannel, we explore why making in-person connections can be a game-changer for founders. Recorded on location in Austin, Texas, Jason shares insights sparked by his own travel experiences, focusing on why meeting face-to-face can have a major impact on relationship-building, especially when it comes to securing investments.

The Backchannel
October 31, 2024
7
mins

TBC: Likability vs. Brilliance

In this episode of The Backchannel, we're dropping a quick but essential take on balancing brilliance and likability and how both play into the fundraising game. We revisit a core concept from a past episode: time given – time to interest. If your brilliance gets investors hooked fast, you don’t need as much relationship-building. But if it takes longer to spark that interest, likability becomes your best tool for buying more time. We also talk about how being difficult, even if you’re brilliant, can close doors.

In this episode of The Backchannel, we're dropping a quick but essential take on balancing brilliance and likability and how both play into the fundraising game. We revisit a core concept from a past episode: time given – time to interest. If your brilliance gets investors hooked fast, you don’t need as much relationship-building. But if it takes longer to spark that interest, likability becomes your best tool for buying more time. We also talk about how being difficult, even if you’re brilliant, can close doors.

Funded
October 29, 2024
62
mins

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.
Curtis Northcutt
CleanLab
Funded
Jason Yeh (host)
Sponsors
Contact Us / Misc
  • Reach out to us on social or email me directly at jason@fundedpod.com if you have any questions or would like to share your story with us!
  • If you're looking for more fundraising content, grab my weekly newsletter packed full of strategies and insights around how to raise money: fundedpod.com/newsletter

More about Cleanlab

What they do: Cleanlab is an AI infrastructure company that transforms messy enterprise data into a high-quality AI knowledge base — handling everything from ETL and chunking to de-duplication and curation. Quickly deploy policy-adherent, safe, and accurate Agent/RAG applications without data headaches. Use cases include customer support automation, "chat with my docs" product support, and enterprise search. Cleanlab's forward deployed engineers customize this knowledge curation and GenAI solutions to fit your needs. Unlock reliable AI solutions 10x faster powered by Cleanlab's AI infrastructure.
Who they are: Cleanlab, founded by three MIT PhDs who are pioneers in data-centric AI, is the global leader in knowledge curation for enterprise AI systems. Our founders--Curtis Northcutt (CEO), inventor of Confident Learning and recipient of the MIT thesis award and the 5-year Test of Time AI award; Anish Athalye (CTO), an ICML Best Paper awardee with 35,000+ GitHub stars; and Jonas Mueller (Chief Scientist), creator of AWS's AutoML used by thousands of companies-- bring expertise from OpenAI, Google, Amazon, Microsoft, and Meta. Collectively cited over 15,000 times, they've been instrumental in advancing AI systems like Alexa, Siri, Google Assistant, Oculus VR, and AWS services. Cleanlab has received several industry awards such as the 2024 Forbes AI Top 50, 2023 CB Insights GenAI Top 50, and 2024 CB Insights AI Top 100. Trusted by over 100 Fortune 500 companies and backed by leading investors like Menlo Ventures, Bain Capital, and Databricks Ventures, Cleanlab specializes in delivering accurate, policy-compliant GenAI solutions by curating and structuring enterprise data.

The Backchannel
October 24, 2024
6
mins

TBC: How Anxiety Ruins Warm Intros

In this episode of The Backchannel, we're diving into the role anxiety plays in fundraising, especially when it comes to warm introductions with investors. If you’ve ever hesitated to reach out to old contacts or second-guessed your follow-ups, this one's for you.

In this episode of The Backchannel, we're diving into the role anxiety plays in fundraising, especially when it comes to warm introductions with investors. If you’ve ever hesitated to reach out to old contacts or second-guessed your follow-ups, this one's for you.

Jason unpacks the three stages where anxiety can creep in: identifying who to contact, crafting outreach messages, and handling follow-ups.

He offers practical tips to overcome these mental blocks and replace hesitation with confidence, making your outreach more effective and less stressful.

Tune in to learn how to reframe your mindset and make those vital connections without second-guessing yourself.

The Backchannel
October 17, 2024
7
mins

TBC: GPs Have Trouble Raising Too

In this episode of The Backchannel, we’re talking about how VCs need to raise money too, not just startups.

In this episode of The Backchannel, we’re talking about how VCs need to raise money too, not just startups.

We break down what it’s like for venture capitalists to get funding from limited partners (LPs) and why it’s not always easy, especially for smaller funds.

We also touch on how some VCs don’t put as much effort into fundraising as they expect from founders.

This episode serves as a way to remind everyone that, just like startups, VCs need to always be building relationships and raising money.

The Backchannel
October 10, 2024
4
mins

TBC: How to Build Awareness as a Founder the Right Way

In this episode, we dive into the concept of awareness for founders, focusing on how to effectively create it.

In this episode, we dive into the concept of awareness for founders, focusing on how to effectively create it.

We discuss different strategies to build visibility that feels genuine and impactful, rather than forced or overly targeted.

This episode serves as a reminder that it's all about positioning ourselves in a way that naturally draws in interest and makes us stand out for the right reasons.

This kind of awareness ultimately makes all the difference in how others perceive our business, especially when it matters most.

The Backchannel
October 3, 2024
8
mins

TBC: How to Handle the Heat of an Investor Pitch

In this episode of The Backchannel, we talk about handling the pressure of investor pitches.

In this episode of The Backchannel, we talk about handling the pressure of investor pitches.

Many founders feel anxious about facing tough questions from investors, but it’s important to understand that these questions often come from genuine interest, not an attempt to catch you off guard.

We explore why investors ask challenging questions and how to reframe them as opportunities.

We also touch on how your existing knowledge and experience can help you confidently navigate these conversations, even when you don’t have every answer.

The key takeaway: it’s a conversation, not an interrogation.

Funded
October 1, 2024
68
mins

How Teasha Cable Closed a $1M Seed Round for CModel (Teasha Cable / CModel)

After bootstrapping her company for months, Teasha Cable, founder and CEO of CModel decided it was time to raise. But early on, the rejections came in hard. Instead of giving up or getting offended, she learned from each rejection, tweaked her approach, and started executing on what investors wanted to see. After a lot of trial and error, she locked down a lead investor in the Alabama Futures Fund that ended up leading her to close a $1M seed round in a not-so-easy market. But even then, it took six more months of grinding to fully close the round. That persistence, though, wasn’t something new for her. In this episode you'll hear the story behind how she became the entpreneur we see today, and how she closed her $1M seed round for CModel.
Teasha Cable
CModel Data
Funded
Jason Yeh (host)
Sponsors
Contact Us / Misc
  • Reach out to us on social or email me directly at jason@fundedpod.com if you have any questions or would like to share your story with us!
  • If you're looking for more fundraising content, grab my weekly newsletter packed full of strategies and insights around how to raise money: fundedpod.com/newsletter
The Backchannel
September 26, 2024
9
mins

TBC: Types & Motivations of Angel Investors

In this episode of The Backchannel, we explore the different types of angel investors you’re likely to encounter early on in your startup journey.

In this episode of The Backchannel, we explore the different types of angel investors you’re likely to encounter early on in your startup journey.

We dive into the factors that define these investors—ranging from their wealth to their level of sophistication—and how their motivations shape their involvement.

Whether you’re seeking strategic support or just looking to raise capital, understanding these dynamics can help you navigate which angels to bring on board and which ones to avoid.

Listen in to learn how to approach angel investors and align with their expectations.

The Backchannel
September 19, 2024
9
mins

TBC: Unpacking Uncapped SAFEs

In this episode of The Backchannel, we explore the ins and outs of valuation caps and uncapped SAFEs. Many founders toss around terms like valuation caps without fully understanding their impact, and we’re here to break it down.

In this episode of The Backchannel, we explore the ins and outs of valuation caps and uncapped SAFEs.

Many founders toss around terms like valuation caps without fully understanding their impact, and we’re here to break it down.

We’ll dive into why some investors and founders are drawn to uncapped SAFEs, the potential risks involved, and when this type of funding structure might actually make sense.

Tune in to learn why this approach can be tricky for both sides and how to navigate these waters with more confidence.