[Video] Go behind the scenes: Brickshare's journey to raising 10 million DKK
In the beginning of the year, Copenhagen-based fintech startup Brickshare made a splash by raising a 10 million DKK investment round from PreSeed Ventures and SEED Capital. TechBBQ goes behind the scenes with the founder, Junaid Ahmad, to explore Brickshare’s journey and the dynamics of raising investment to take your startup beyond the bootstrapping stage.
Brickshare chose to innovate in a relatively new area of real estate crowdfunding and faced its share of challenges as it launched an online investment platform that enables its customers to invest in the real estate market without breaking the bank. Junaid Ahmad shares how they reached where they are today along with tips for fellow entrepreneurs.
After our chat: The TechBBQ Takeaways
It is not necessary to be unique with your business idea or even be the first. It is necessary to be the best. Google wasn’t the first search engine.
Bootstrapping the first leg of the journey is the key to creating interest and trust.
With a small team, it is important to not try and do everything at once. Prioritize and work on one or two things at a time.
Explore, learn, and be ready to experiment and iterate when things fail. Don’t be afraid to take your product to the customer.
Focus on creating value for your customers. They are the ones that matter the most.
Pick your investor wisely. Don’t take money from an investor who has ‘hard advice’ that must be followed. Find someone who believes in you and your ideas.
An advisory board is an invaluable resource that you should not overlook. Advisers with experience can be instrumental to your success.