Cormac Quinn, Founder and CEO of LoyalBe, on going from an idea to raising almost £1 million over Zoom.
Watch time: 3 minutes
- Know the valuations of comparable businesses
- Understand it is negotiation with investors that requires trust on both sides
- Plan for the process to take longer than you expect
Cormac Quinn spent most of his time coding before becoming the founder of bank-connected reward app LoyalBe. So when the time came to pitch in front of investors, he wasn’t sure how to value his first business. In this video Cormac explains why doing your homework is the best way to come to an accurate valuation, why investors aren’t the “sharks” you think they are and he shares some practical tips.
Find the rest of the series here: