English
Oct 17, 2025 11:14 PM

If you want to raise capital for your company, please watch this

SUMMARY

Conor White, a capital advisory expert, shares tactical advice on raising startup funding in 2025, drawing from his firm's $600 million in secured deals, emphasizing a marketing-funnel approach amid eager investor dry powder.

STATEMENTS

  • Over the past two years, the speaker's firm has helped secure over $600 million in term sheets and capital commitments for clients ranging from seed-stage ventures to commercial-scale renewable energy projects across various industries.
  • In 2025, the economic environment favors fundraising due to quantitative tightening ending, creating urgency among investors with substantial dry powder eager to deploy capital into promising opportunities.
  • Hiring a capital advisory firm like the speaker's is effective but costly, with retainer fees ranging from $25,000 to $100,000, making it prohibitive for many startup founders.
  • Founders should treat fundraising as a systematized marketing funnel, including top-of-funnel outreach for interest, middle-funnel meetings for qualification and selling, and bottom-funnel conversion to secure term sheets.
  • Effective investor targeting involves building a list of 200 to 500 prospects based on recent activity, average check size matching the raise stage, and prior investments aligning with the company's profile.
  • Outreach must occur at scale via LinkedIn and cold emails, aiming for 4-7% response rates on high volumes like 1,000 to 5,000 contacts, with automated follow-ups since most responses come on the second email.
  • A compelling pitch deck must include the "why now" element to create urgency, FOMO, and scarcity, countering investors' risk-averse tendencies to wait for derisking or lead investors.
  • Fundraising requires a data room, such as a Google Drive folder, containing financials, product info, and the deck for investors to quickly evaluate the business.

IDEAS

  • Economic shifts like the end of quantitative tightening in 2025 are transforming a dormant investment landscape into one buzzing with urgency, where dry powder from institutions and family offices is ready to flood viable startups.
  • Fundraising mirrors a go-to-market strategy, turning investor acquisition into a scalable funnel rather than sporadic pitches, emphasizing volume over perfection in initial contacts.
  • Tools like Clay and Pitchbook enable hyper-personalized outreach by matching investor portfolios to startup profiles, using recent investments as hooks in cold emails.
  • Achieving 5-10 investor conversations weekly through massive outreach can compress fundraising timelines to 30-60 days, flipping the narrative from endless grinding to efficient closure.
  • Investors, despite being in venture capital, exhibit extreme risk aversion, often delaying commitments until opportunities are overripe, highlighting the need for engineered psychological levers like FOMO.
  • Retainer fees for advisory firms, starting at $25,000, underscore a hidden barrier in fundraising, forcing bootstrapped founders to master internal processes or risk exclusion from professional networks.
  • The majority of outreach responses—often over half—arrive on follow-up emails, revealing how single-touch attempts leave vast potential untapped in a numbers game.
  • Pitch decks frequently omit the "why now" urgency, a critical flaw that allows investors to procrastinate, akin to sales tactics in marketing where scarcity drives decisions.
  • Data rooms serve as silent closers, providing instant due diligence access that accelerates evaluations and builds trust without endless back-and-forth.
  • In a competitive era, mismatched targeting—like pitching seed rounds to growth-stage private equity—wastes cycles, while precise alignment on check size and vertical boosts hit rates dramatically.

INSIGHTS

  • Fundraising success in 2025 hinges on leveraging post-tightening investor eagerness, treating capital raises as precision-engineered funnels to convert dry powder into fuel for innovation.
  • Personalization through data tools transforms cold outreach into warm leads, but true velocity comes from scaling volume and follow-ups, mirroring digital marketing's core mechanics.
  • Investors' inherent risk aversion demands proactive urgency creation in pitches, using FOMO to bypass their wait-and-see inertia and secure commitments before opportunities evaporate.
  • Internal fundraising democratizes access for bootstrappers, bypassing high retainers by systematizing processes that rival professional firms in efficiency and outcomes.
  • High-volume outreach with automated persistence uncovers hidden response patterns, where second-touch conversions dominate, emphasizing diligence over sporadic effort.
  • Comprehensive data rooms act as trust accelerators, streamlining diligence to keep momentum alive and differentiate serious founders in a sea of incomplete propositions.

QUOTES

  • "Now is as good of a time as ever to raise capital."
  • "We treat fundraising like a marketing funnel."
  • "The majority of responses to our outreach come on the second email."
  • "Investors, while they're in the business of venture capital, they're some of the most risk-averse people you'll ever meet."
  • "You need to create urgency. You need to create FOMO. You need to create scarcity."

HABITS

  • Systematize fundraising as a structured process akin to go-to-market strategies, with defined stages for outreach, qualification, and conversion.
  • Conduct thorough research on investors using tools like Pitchbook and Clay to ensure alignment on stage, check size, and portfolio fit before outreach.
  • Scale outreach volume aggressively, targeting 1,000 to 5,000 contacts via LinkedIn and cold emails to achieve viable response rates.
  • Automate follow-up sequences with software like Instantly or Email Bison, scheduling second touches after three days to capture delayed responses.
  • Maintain a perpetually updated data room with all financials, decks, and product details to facilitate swift investor evaluations.

FACTS

  • The speaker's firm has secured over $600 million in term sheets and commitments across seed to series B ventures and utility-scale renewables.
  • 2025 marks the end of quantitative tightening, shifting to an investor environment with abundant dry powder and high deployment urgency.
  • Typical advisory firm retainers for fundraising range from $25,000 to $100,000, often unaffordable for early-stage founders.
  • Cold outreach response rates average 4-7% for entirely new audiences, requiring high volume for meaningful results.
  • Post-COVID competitiveness peaked during high interest rates, but 2025 shows investors unable to deploy capital fast enough.

REFERENCES

  • Clay (data enrichment tool for investor research).
  • Pitchbook (database for tracking investor portfolios and recent deals).
  • Instantly and Email Bison (email automation software for outreach and follow-ups).
  • Google Drive or Dropbox (platforms for creating data rooms).

HOW TO APPLY

  • Build a targeted investor list of 200-500 by researching recent activity, average check sizes matching your raise (e.g., seed under $5 million), and portfolio fits via tools like Pitchbook, personalizing initial emails with specific past investments.
  • Launch scaled outreach using LinkedIn messages and cold emails to 1,000-5,000 prospects, crafting hooks like "Based on your investment in XYZ, our clean tech aligns closely," and track responses meticulously.
  • Implement automated follow-up sequences with tools like Instantly, sending a second email after three days if no reply, focusing on value addition to boost the 4-7% baseline response rate.
  • Prepare meetings by qualifying investors during calls, selling your vision while they evaluate you, aiming for 5-10 weekly conversations to maintain pipeline momentum.
  • Develop a pitch deck emphasizing the "why now" with urgency tactics like limited timelines or milestone unlocks from funding, paired with a data room containing all financials and docs for immediate access.

ONE-SENTENCE TAKEAWAY

Treat fundraising as a high-volume marketing funnel to capitalize on 2025's eager investors and close deals swiftly.

RECOMMENDATIONS

  • Prioritize investors with recent deployments in your vertical to maximize relevance and response potential.
  • Engineer FOMO in pitches by detailing time-sensitive opportunities that funding will unlock within 1-2 months.
  • Avoid low-volume outreach; commit to thousands of touches with follow-ups to hit meaningful conversation thresholds.
  • Always include a "why now" section in decks to combat investor procrastination and drive quicker commitments.
  • Set up a data room early as a one-stop diligence hub to streamline evaluations and build credibility.

MEMO

In the bustling world of startup financing, 2025 emerges as a pivotal moment for founders seeking capital. Conor White, whose advisory firm has orchestrated over $600 million in deals from seed rounds to massive renewable energy projects, argues that the era of quantitative tightening has faded, unleashing a torrent of "dry powder" from institutions and family offices. No longer the freewheeling days of 2016 pitch-deck dreams nor the post-COVID chill of risk aversion, today's market pulses with urgency. Investors, flush with unspent funds, are scrambling to deploy—yet success demands strategy, not serendipity.

White likens fundraising to a meticulously run marketing campaign, a funnel that captures attention at the top, nurtures leads in the middle, and seals conversions at the bottom. For bootstrapped entrepreneurs wary of the $25,000 to $100,000 retainers charged by firms like his, the path forward is internal mastery. Start with a curated list of 200 to 500 investors: those actively writing checks in your stage and sector, vetted through platforms like Pitchbook or Clay. Personalize outreach—LinkedIn notes or cold emails referencing a target's recent bet on a similar venture—to pierce the noise.

Scale is the secret weapon. White recounts founders' folly in dabbing at 20 or 50 prospects, yielding scant replies; instead, blast thousands, banking on 4-7% response rates amplified by volume. Automation tools handle the grind, queuing follow-ups that snag most conversions on the second touch. This rigor can spark 5-10 weekly dialogues, compressing timelines to 30-60 days. But beware the pitch's Achilles' heel: omitting "why now." Investors, paragons of caution in a high-stakes game, dither for leads or milestones. Counter with urgency—FOMO, scarcity—detailing how $5 million today unlocks fleeting advantages before the window slams shut.

A polished deck alone won't suffice; pair it with a data room, a digital vault of financials, metrics, and artifacts, enabling swift scrutiny. White's counsel, born of sourcing deals for blue-chip funders, underscores a truth: capital abounds, but only the prepared will claim it. As dry powder itches for ignition, founders must ignite their own processes to thrive in this revitalized arena.

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