Securing Investments With FundLabs With Peter Tighe and Stuart Mellody
This episode of The WellFounder Podcast features Peter Tighe and Stuart Mellody, co-founders of FundLabs, discussing their approach to helping founders secure funding for their businesses.
📚 What You'll Learn:
Stuart's unconventional journey from construction laborer to property developer to funding consultant, including personal setbacks and recovery. [05:00]
Peter's corporate background at L'Oreal and transition to entrepreneurship before partnering with Stuart. [07:30]
The importance of understanding both sides of the funding equation - founders' needs and investors' priorities. [09:15]
Why 95-99% of businesses fail to secure funding and how FundLabs helps founders overcome this challenge. [19:45]
How different types of investors (from philanthropic individuals to pension funds) approach investments. [16:30]
The stages of Fund Labs' process: from initial assessment to investment strategy to investor outreach. [21:00]
The crucial criteria Fund Labs looks for in potential clients: commitment, communication, and cadence. [25:00]
💠Key Quotes:
"Founders do a raise at each stage, probably once in their life, maybe twice. So it's very difficult to build expertise when you've only done things once." - Peter Tighe
"Do they have a product that we believe in? Do we believe they can raise? Is this investible? And what value or impact can we have to get them where they need to go?" - Stuart Mellody
"Fundraising works, it's an elite sport... if you are an athlete and you are going in the Olympic games, you don't jog around the park to get ready." - Peter Tighe
"The number one thing that we look for, which we don't usually declare, is...do we like them? Because we gotta work with them. It's gonna be a partnership." - Stuart Mellody
🔗 Get in Touch with FundLabs:
Connect with Stuart Mellody and Peter Tighe on LinkedIn
Visit FundLabs
