Valere and Intrepid Finance & Venture Join Forces to Help Startups Secure Funding
Funding is one of the biggest challenges that startups face. Venture capitalists (VCs) receive hundreds of pitches every year, but only a select few make it to the next stage. VCs are often very selective about the startups they invest in, making it difficult for many startups to secure funding. Finding investors who believe in a startup’s vision and are willing to take a risk can be a struggle. As a result, raising capital from VC firms is often considered one of the toughest challenges for startups. It’s worth noting that many now successful startups were rejected by investors initially.
Here are some famous startups that struggled to secure funding initially:
- Dropbox: Drew Houston, the founder of Dropbox, was rejected by several investors before finally securing funding. He even had to turn down an acquisition offer from Steve Jobs in 2009.
- Square: Jack Dorsey, the co-founder of Square, pitched the idea to several investors but was rejected by all of them. He even went as far as maxing out his credit cards to fund the company.
- GoPro: Nick Woodman, the founder of GoPro, raised money for his company by selling bead and shell belts out of his VW van. He later secured funding from his family and friends to start GoPro.
- LinkedIn: Reid Hoffman, the co-founder of LinkedIn, struggled to secure funding for the company. He even had to mortgage his home to keep the company afloat.
- Spanx: Sara Blakely, the founder of Spanx, funded the company herself by selling fax machines door-to-door for seven years before launching her product.
Alternative Methods of Financing
Despite possessing a genuinely novel and innovative idea for your startup, you might not be able to secure funding. This is where recurring financing options come in. Recurring revenue financing is particularly well-suited to startups, which often rely on recurring revenue streams to fund their operations. Recurring revenue financing can provide startups with the necessary funding to expand their businesses while allowing them to maintain control and retain equity.
One real-world example of a startup that uses this financing method is ServiceTitan. ServiceTitan is a software company that provides a comprehensive management system for home service businesses. The company secured $165 million in Series D funding in 2018, in which $100 million was provided by a recurring revenue financing option. The financing option allowed ServiceTitan to secure the funding it needed to grow its business without having to give up equity or control. This allowed the company to retain its independence and continue to grow its business on its own terms.
Valere X Intrepid Finance & Venture
Valere, a leading app development company that specializes in assisting startups with their app development needs, has partnered with Intrepid Finance & Venture to provide Valere’s clients access to non-dilutive growth capital. Intrepid Finance & Venture is a technology-driven financing solution that provides non-dilutive growth capital to capital-constrained companies. Their financing options are tailored to each client’s specific needs, offering flexibility and a range of financing options. One of their most innovative financing options is recurring revenue financing, which is well-suited to startups that rely on recurring revenue streams to fund their operations. With Intrepid Finance & Venture’s financing solutions, startups can secure the funding they need to grow their businesses without having to give up equity or control.
What Makes This a Perfect Pairing?
Valere has a long history of working with startups to help them achieve their goals. With this new partnership, the company is providing its clients with even greater support and guidance. Through Intrepid Finance & Venture’s financing solutions, Valere’s clients will be able to secure funding without having to give up equity in their companies. This means they will be able to retain control of their businesses while still securing the capital they need to grow and flourish.
This partnership comes naturally as Valere has always been passionate about startups and their success. Many of Valere’s clients have been startups, and the company has provided app development services and guidance to help these startups secure major funding or even acquisition. As a startup founder himself, Guy Pistone, the founder of Valere, has been through the challenging stages of acquiring funding through investors. After the successful acquisition of his signature fitness app, Fitivity, he learned valuable lessons that he now uses to provide guidance and advice to his startup clients at Valere.
Now Valere is actively seeking to form partnerships to provide its clients with a complete ecosystem to grow and scale their startups. With the previously announced partnership formed with PowerPitch, and now with the newly formed partnership with Intrepid, Valere is providing its clients with access to valuable resources that can help them achieve their goals and succeed in the competitive world of startups.
If you’re a startup founder looking for funding, Valere offers a unique solution that can help you achieve your goals. With a team of rockstar developers from Valere, coupled with the tailored financing options provided by Intrepid Finance & Venture, you can secure the funding you need without sacrificing equity or control. Valere has a long history of working with startups to help them achieve their goals, and their partnership with Intrepid Finance & Venture is just one of the many ways they’re providing their clients with valuable resources to help them succeed. Contact Valere today to learn more about how they can help you take your startup to the next level.
Valere is an award-winning software development agency that has built over 300 top-rated applications for startups and Fortune 500 companies in all verticals like healthcare, finance, sports, fitness, education, and more. Their apps have been featured by the New York Times, and have been consistently recognized as Apple App Store’s top featured apps, TechRadar, and Google Play Store’s top featured apps! Schedule a call with us today to learn how we can help your team create the perfect software or application that can Accelerate Your Business Goals!
