Keep trying after a VC says no, says Tonkean CEO on TechCrunch Live

On this week’s TechCrunch Live, I said pinch CEO and co-founder of Tonkean, Sagi Eliyahu, and Foundation Capital partner, Joanne Chen. Tonkean started successful 2015 arsenic a no-code improvement platform, and added Joanne to its committee of board erstwhile it raised its seed information successful 2019.

I don’t want to ruin nan story, but I deliberation you cognize wherever this is going. The fundraising didn’t extremity aft 1 pitch. He sounded Tonkinn to Joann Chen astatine Foundation Capital, and she said no. But Sagi kept successful interaction and six months later Foundation lead Tonkean’s seed round, and joined nan company’s board. Sagi And past nan institution raised 2 much rounds, adding a Raviraj Jain from Lightspeed and Miles Clements from Accel.

As Sagi explains, founders should realign their expectations astir fundraising. This will consequence successful amended mentation and occurrence erstwhile seeking further capital.

Topics:

• The champion ways for founders to activity pinch their committee of directors
• Why you can’t person compliance without adoption
• Addressing unsighted spots successful leadership
• What you should look for erstwhile structuring a transportation deck

TechCrunch Live records unrecorded each Wednesday, astatine noon Pacific. I dream you tin subordinate nan adjacent event. I’m very excited astir it. We’re hosting a speech pinch David Blumberg of Blumberg Capital, and Tanis Jorge, co-founder of Trulioo, connected nan value of uncovering nan correct co-founders. You tin registry here.