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Success Stories

My Investor Backed Out at the Last Minute. Here's How My Company Recovered.

Here's what to do when your main source of funding is suddenly out of the picture.
VIP Contributor
Startup Mentor, Entrepreneur, CEO of Alley
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this episode of Resillience with Jason Saltzman, the Entrepreneur Network partner talks with Yuni Sameshima, the CEO of Chicory. The New York-based company creates advertising for grocery chains and e-commerce grocery companies.

In 2016, the company was completing a round of fundraising, when suddenly their investor suddenly backed out and was never heard again. Sameshima talks about a time of uncertainty when it seemed the business was just a month away from going totally broke. 

Speaking about the lessons he's learned along the way with Chicory, Sameshima notes that instead of concentrating on each phase of a start-up, concentrate on the task of running a business -- and master how to do that well before other facets of startup culture. 

Click play to hear more.

Related: What Happens When the Technology You Built Your Company on Becomes Obsolete?

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