S5: E5. Molly Allington (Albotherm)

For this episode of Funding a Better Future: Angel Investment Insights for Founders and Aspiring Investors, I spoke with Molly Allington, CEO and Co-founder of Albotherm, about the fundraising process and in particular, the due diligence experience..

Video versions of this and previous episodes are available here.

Albotherm.com

2:09 - How Molly came to set up Albotherm

3:09 - How did you go from it being a summer project to a fully-fledged business?

4:26 - How did you decide it was time to raise initial funds after grants?

6:29 - What did your first round of funding unlock for you in progress?

7:33 - What is Albotherm developing

8:45 - Will you venture into offering your coatings in other industries?

9:34 - How did you know it was time to raise a seed round?

10:55 - What was your strategy for the seed raise?

12:10 - How did you value the business for a raise and how did you decide how much to raise? 

15:34 - What kind of objections did you come up against?

17:22 - What was the due diligence process like?

19:06 - What did due diligence teach you about your business?

20:06 - How did you know what to pull together in advance?

21:13 - When did you put a board together?

22:08 - How has angel investment played into things?

23:45 - How do you stay in touch with investors?

24:13 - How frequently and how deep do you have to go with financial and impact reporting?

25:27 - What were your biggest learnings from fundraising?

27:57 - How did you clarify your messaging and how did it evolve over the process?

29:48 - What did you need to have in your data room?

31:23 - What did your seed round enable you to do, and what are you excited about coming up?

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