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Dave Schappell on raising venture capital as a repeat entrepreneur

Kruze Consulting's Founders and Friends Podcast for Startups

Dave Schappell on raising venture capital as a repeat entrepreneur

Dave Schappell of My Perfect Color (https://www.myperfectcolor.com) talks about raising seed and VC funding as a repeat entrepreneur, and what metrics he uses to help get investors excited about his startup.

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Notes

  1. How Did TeachStreet's Sale Work Out for Dave Schappell? at 1:32

    TeachStreet got acquired by Amazon, and although the deal was the smallest on paper at the time of acquisition, Amazon stock grew 10x, making the outcome very… Full answer

  2. How Did Dave Schappell Start on His Entrepreneurial Journey at 2:18

    Once upon a time, Dave Schappell was an accountant. Full answer

  3. What Makes Amazon an Unstoppable Company at 4:14

    Jeff Bezos is willing to invest in big ideas for the long run. Full answer

  4. What Makes MyPerfectColor a Unique Business Opportunity at 7:18

    MyPerfectColor.com is in the business of serving B2B consumer with exact match paint colors for enterprise. Full answer

  5. Are There Any Competitors to MyPerfectColor.com at 8:26

    MyPerfectColor.com does not have any competitors because they are building an entirely new category of business. Full answer

  6. What Are the Barriers to Entry Into the Custom Paint Market at 9:30

    Expensive equipment and a lengthy process to match and create these colors is already a big enough reason to consider it twice, but then there is also a… Full answer

  7. How Do You Keep a Distributed Company in Sync at 13:37

    Documentation. While Jason and the company are based in New Jersey, Dave lives in New Hampshire. Full answer

  8. How Did Dave Schappell Choose MyPerfectColor? at 15:18

    Dave wrote down what he wanted to work on, being brutally honest about it with himself. Full answer

  9. Can Bootstrapping Hurt Your Business at 18:35

    As an angel investor himself Dave believes that Jason could have avoided a lot of pain by reaching out to investors earlier than he did. Full answer

  10. What Does Dave Schappell Say Investors Want to See at MyPerfectColor? at 23:57

    Dave Schappell, founder of MyPerfectColor, tells Scott at Kruze Consulting that the easiest slide in a recent investor deck was gross margin, climbing from 50… Full answer

  11. What Is the TED Red Color at 26:17

    Once TED conference ordered a matching paint for their branded red color, MyPerfectColor folks created a " Ted Red " which is now driving them customers… Full answer

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