Startup Bound Launches To Connect Founders With Funders!

PRAGUE-BASED STARTUP Bound LAUNCHES TO CONNECT GLOBAL FOUNDERS WITH FUNDERS

Czech’s startup Bound already described as the “Robinhood for fundraising” has freshly launched in order to enable founders and entrepreneurs to search and review investors from around the world that will practically add desired value to their business.

In view of this, there is a school of thought that a mismatch between startups and investment partners often occurs due to startup failure, hence, Bound is poised to rebalance the world of VC towards entrepreneurs. However, Bound’s platform enables founders to reduce the process of researching and selecting a VC partner from months to hours through a combination of the world’s most comprehensive free, searchable database of venture capital firms with the biggest library of verified reviews from founders themselves.

Based on this, it should be borne in mind that the company’s mission is to connect founders with VCs that can contribute real knowledge and expertise to their startup and offer the much-needed transparency to the VC market, which will also help entrepreneurs find the investment that will turn dreams into reality.

In a broader dimension, the subject startup in its effort also celebrates and spotlights the best venture capital firms in the market, while enabling them to figure out founders who are the perfect fit for their funds and ensuring they deliver better returns for their investors for lower fees.

It’s worth noting that the founder of startup Bound, ‘Pavel Sima’ got inspired based on his experience of navigating the VC world, and eventually saw the need for a change.

“Entrepreneurs are at a huge disadvantage when trying to find a VC partner, and this imbalance is hurting both founders and investors”, Sima said. “Right now, VC firms hold all the cards – and that leads to bad relationships, bad deals, and failed startups. They have more of everything: more money, experience, lawyers, and, most importantly, more time. Founders, especially first-time entrepreneurs, have none of these; they don’t know how to go looking for investors, let alone how to find ones that will support their startup and take them to IPO. It’s a process that takes months, at a time when they have a thousand other urgent priorities”.

The fresh company aims to connect founders with the right VC on the basis of equality and transparency. Submitting detailed reviews of VC firms, mapped against over 16 different categories – that will cut across experience and expertise, clarity of investment process, due diligence, speed, and professionalism – promises better relationships that will pave way for better outcomes for all parties involved.

Equally, founders will be able to leave simple, public ‘star’ ratings, ensuring other founders get an at-a-glance view of potential funders, or dive deeper to discover the viable option with the right knowledge and experience that can take their business to the next level. Furthermore, Bound will also spotlight the best-reviewed VCs as a way of helping to set new standards for best practices within the industry.

To this end, Sima added: “First-time founders quickly learn that raising money is the easy part. Selecting the wrong investor is not just a huge waste of time and effort, it can actively hurt your chance of success. But when you have incredibly rich data, with all the different VC signals in one place, and combine it with user reviews, we are rebalancing the market towards founders, making them more likely to succeed in the long run”.

• Are founders braced with long-awaited solution?