What the Founder of Jukely Learned About Raising Money
I first met Bora Celik, founder of Jukely, when he was part of the Techstars accelerator program in New York City. Not only did he have an incredible passion for music (he spent 10 years as a concert promoter), he also had A+ chops when it came to app design.
But his journey as a founder wasn't easy. A lot of investors said no when he pitched the idea of a social network built around concerts.
Bora and his crew iterated on the product and turned essentially turned it into a Netflix for concerts. The company's $25 per month subscription
offer struck a cord with music lovers around the word and also resonated with investors.
Read the interview with Jukely learn about their incredible fundraising journey.
1. What is Jukely, in 140 characters?
2. Who gave you your very first check? What was that experience like?
3. What was your most recent round of funding, how much did you raise and who were your investors?
4. How did you approach fundraising? How did you decide how much money to raise? What was your plan?
5. How did you go about getting investor introductions?
6. What was the hardest and the most unexpected part about fundraising?
7. What was the dynamic of the round like? What was the difference between early and late commits?
8. What mistakes have you made in retrospect? What would you do differently?
9. What is your advice to founders like yourself who are trying to raise financing?
10. What are your top 3 do's and top 3 don'ts on raising funding?
Alex Iskold is the managing director of Techstars in New York City. Previously Iskold was founder/CEO of GetGlue (acquired by i.tv), founder/CEO of Information Laboratory (acquired by IBM) and chief architect at DataSynapse (acquired by TIBCO). An engineer by training, Iskold has deep passion and appreciation for startups, digital products and elegant code. He likes running, yoga, complex systems, Murakami books and red wine -- not necessarily in that order and not necessarily all together. He actively blogs about startups and venture capital at http://alexiskold.net.