Fundraise on confidence, Front CEO Mathilde Collin says

Startups need capital and often fundraise from investors. This requires pitching, numbers, stats and a story. And the time has to be correct. The key to timing is easy, according to this CEO: Fundraise when your confidence is high.

Each week on TechCrunch Live, investors and entrepreneurs share lessons learned from personal experiences. And Front CEO and co-founder Mathilde Collin knows about fundraising. She raised $138 million from venture capital over several fundraising rounds, including from Frederic Kerrest, COO of Okta and venture capitalist. They spoke on several topics, and the entire TechCrunch Live event is available on YouTube or through a podcast.

Timing can make or break a fundraise, and Collin advises to look for outside investment when you feel great — like you, the founder, feel great. Unfortunately, sometimes this doesn’t correlate with your company’s numbers.

“It could be you hired someone amazing,” she said. “You just signed a very big customer — whatever makes you super confident in the future of this company.”

Why? According to Collin, investors are very good at assessing if a founder is genuine in their motivations, which revolves around confidence and excitement for the company. This means she always starts presentations with why she’s doing something, even if it gets more complicated as it scales.

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Frederic Kerrest agrees, noting as an investor, he wants to spend his time with people who care and are motivated and interested.

Collin says each time when raising, she evaluated investors based on the needs of the company. Then, when it came to Front’s later-stage Series C, she turned to several operators who could provide capital and an insider’s take on the industry and corporate guidance.