Mike TownsendIdea Machine. Raised $24M for 3 startups, sold 2
Bio

Raised $24M for 4 companies, sold 3 of them, and have coached dozens of founders through business strategy and raise fundraising.
If you want to raise a Seed or Series A round of capital for your startup, I have developed a program that WORKS if you put in the work, regardless your background or where you live.

Investors have a huge advantage over Entrepreneurs because they see 300 deals per month, they have the network and they know how to play the game. So many great founders never raise money because they fail at fundraising.

I'll walk you through key fundraising steps:
- Refining your pitch and vision
- Developing the pipeline of investors
- Gathering introductions
- Timing of the intros
- Answering typical investor questions
- How to close the deal quickly

If you have a company that's growing and you want to raise money, reach out, let's see if we're a fit.

What will the call be like?

I will read anything you send me before the call to prepare. I'll take the conversation wherever you want, and I find it works best if you come with a list of questions and clearly tell me your goals. I'll listen first and answer very succinctly. I try to give give you the most possible value in the shortest time.

I like taking calls on Clarity first because I genuinely enjoy helping people if I can. Second, because I get compensated for my effort.

Background Bio
Mike has over 10 years of experience building disruptive technology companies. He is the co-founder of HomeHero, the fastest, most-affordable marketplace for families to find quality in-home care for seniors, delivering over 1 million hours of care to thousands of families. Mike has raised $23 Million in VC across his 3 companies.

In 2015, Mike was named to Forbes “30 Under 30” list in Healthcare. He has appeared in Fortune, Forbes, CNBC, USA Today, Business Insider, Wall Street Journal, L.A. Biz, is a contributing writer at TechCrunch and actively speaks at healthcare and technology events worldwide.

He is also a host at Around The Coin (www.aroundthecoin.com) with 250+ episodes in crypto and payments, a podcast discussing startup news, marketplaces and interesting behavioral philosophy.

Mike started his career working as a design engineer at Brookstone Inc., working in Singapore, then as a mechanical engineer at ITT Corporation in Los Angeles designing radar systems for military grade UAVs.

Mike has a history in the payments industry, founding ZingCheckout (acquired by BigCommerce), one of the first web-based POS systems in 2010, and Flowtab, a mobile payment app for the nightlife industry in 2011.

Mike is an Ironman Triathlete, active writer and enjoys meeting other highly-motivated entrepreneurs, especially in the healthcare and technology space.


Recent Answers


A few quick ideas:
- Can you rent the furniture equipment (lease it on a monthly basis), for startups that don't want to pay the high up front cost?
- Can you offer a peer to peer listing service for other startups to sell their unwanted space or furniture to each other and you manage it?
- Can you add an option for individuals to book day rates to work from an office instead of coffee shops?
- Can you innovate on the actual financial model of the "selling of space", i.e. make a no down payment, have weekly payments instead of monthly for cash strapped companies?
- Can you rent our space in unorthodox places like bars, night clubs, and night restaurants that can pop up for day time work space from 8am-5pm?

Just a few quick ideas, would be helpful to know what your business is!


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