Episode 15 - FinTech Valuation Take a Hit, Getir Grocery App Acquires Gorillas and 99% of Founders Get This Wrong.

The Exit Strategy Podcast

Episode 15, Fintech unicorn valuations have taken a hit in 2022 and Swatick discusses his experience with some of these FinTech start-ups such as a Buy Now Pay Later product; so how does it work and what is his experience? Getir acquires grocery app rival Gorillas in a $1.2bn deal but what’s happening behind the details, and despite a 1.3-Billion USD investment, the investors complete a 1.2-billion stock swap and a $40-milllion USD cash out. Billionaire investor Charlie Munger: ‘The world is not driven by greed; it’s driven by envy’. The one slide 99% of founders get wrong when fundraising; and here are the most common mistakes:

1. Forgetting to include the slide altogether.
2. Not naming a specific dollar amount you are raising.
3. Including a valuation on the slide.
4. Omitting what the funds will be used for.
5. Listing a specific runway, i.e., “This will keep us running for 18 to 24 months.”

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