GTM Sauce

A fintech investment app · B2C · guest's previous startup

Build your own investor list by hand and cold email angels and VCs

Got calls with big-name VCs and angels; no raise amount given

Workedfinancingoutbound-sales

What they did

After a $100K friends-and-family round ran out, the founders manually searched the internet to build a list of angels and VCs and cold emailed them.

What happened

Got calls with some big VC names and angels; the pain of list-building became the Angel Match idea
Stage
fundraising

In their words

I make $32K/month from 3 simple, boring websites

Play from 4:42
4:21

Pat WallsSo, if you've been searching for business ideas and thinking about this idea of solving problems, then head to the link in the description, download the database, and you can get started. Oh, yeah, and it's 100% free. All right, let's get back to the episode. I think these sites are super cool. So how did you get to this point where you have these three different websites that are crushing it, making over $30,000 a month?

4:42

RashidSo I'm not a technical founder, I always relied on finding developers to build the websites. I studied finance in college, and in my last year of college, me and my college friend decided to build a fintech investment app. We raised $100,000 from family and friends. I maxed out my credit cards, got some personal loans. So that money was not enough. So we had to raise capital from like professional investors, so-called angels and VCs. We decided to manually search through the internet

5:12

Rashidand build like a list of investors to reach out to. And that list actually helped us get into calls with some of the big VC names at that time and big angels. That made me realize that first, cold emailing works, but second, finding the list of investors is such a tedious and time-consuming process. So yeah.

5:32

Pat WallsYeah. I mean, this is like super common. I see this with a lot of founders is they go to build a business, they experience some sort of problem while they're building this business, and then that problem that they experienced was really painful and annoying, like this trying to find investors, that you end up building another business on top of that. So what did you do next? How did you build it? How did you take the next step after you saw this …

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Tags: cold-email, investor-outreach, manual-list-building