Anyone starting a new business faces the same problem: figuring out how to raise money for its fledgling business. In fact, many new business ideas never gain traction because they can’t secure enough financing. As a serial entrepreneur, David Weisburd understands the struggles facing startups, so he is devoting himself to helping others succeed through his investments via 10X Capital.
Venture capital funding is an avenue for companies with high growth potential to raise the money they need from an investor who would, in turn, have a stake in the company. As a former startup founder of RoomHunt and iSocket, David understands the problems that founders face when starting a company. That’s why he heads the Venture Capital team at 10X Capital, a venture capital firm with a portfolio of more than 16 “unicorn companies” ($1B+ companies), including Wish, Robinhood, Udemy, and 23andMe.
Innovation and entrepreneurship are the kernels of a capitalist economy. New businesses, however, are often highly-risky and cost-intensive ventures. As a result, external capital is often sought to spread the risk of failure. In return for taking on this risk through investment, investors in new companies are able to obtain equity and voting rights for cents on the potential dollar. Venture capital, therefore, allows startups to get off the ground and founders to fulfill their vision.
David Weisburd and his team Founder & CEO Hans Thomas, Data & Analytics Guhan Kandasamy, and Investor Relations Colby Billhardt are helping the next generation of technology startups achieve scale and liquidity in their business. “I saw the difficulties of running a startup so I wanted to give back and help entrepreneurs grow their own business,” says David Weisburd.
David says that the most difficult part of founding a company is recruiting a team before you have achieved product market fit. That’s why you need to be very resilient. Each milestone you achieve unlocks new value for the company, but you should expect to be knocked down many times along the way. “Many things are unknown when you start a business but there is only one certainty, and that is that starting a company is an exercise in organized chaos,” says David Weisburd.
For David and his team, helping businesses succeed is part of who they are. The team is dedicated to giving startup companies with high potential the resources needed to grow into world class companies.
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