🤓 Stupid Simple: My Strategy to Raise $1 Million

Hi there 👋,

Eight years ago, my mom was cleaning houses, and I was just starting to gain momentum with my first startup. Fast forward to today, and here I am, embarking on my second entrepreneurial journey, this time with the goal of raising $1,250,000 for Snack Prompt.

A few months ago, we were fortunate to secure $350,000 from Atlanta Seed Company, kicking off our pre-seed journey at a valuation of $7,500,000 under a SAFE agreement. Now, with $900,000 still to raise in what's arguably the toughest investment climate since 2017, our path forward is anything but simple.

But here's what fuels my confidence:

1. My one leverage is my people skills, which have helped me assemble a promising team. This collective talent and drive set us apart from other ventures, making us a compelling investment opportunity.
   

2. Preparedness for any outcome, with or without further investment. Thankfully, we're able to bootstrap operations through ad revenue from TheDailyBite.co, bringing in an average of $15-25K in MRR (monthly). This scrappiness and resourcefulness are traits investors highly value.

From the outset, our mission was to make AI accessible to the next billion people—a goal we couldn't approach without solving our cash flow challenges first. Fortunately, we've managed to keep the lifeblood of our startup pumping.

The biggest lesson I've learned from raising money? Resourcefulness.

Investors seek founders who embody certain traits, but above all, they value resourcefulness. The ability to adapt, pivot, and thrive regardless of circumstances is key. From Elon Musk repurposing NASA's discarded materials for his rockets to the Pinterest founders setting Apple Store homepages to their site, the message is clear: resourcefulness turns vision into reality. Ideas change, products evolve, but founders are the constant.

VCs prioritize a founder's ability to navigate through change and adapt under any circumstances over the product's adaptability itself.

It's the founder's resilience and strategic agility that truly captures their interest, as these qualities often dictate the long-term success and versatility of the venture in the dynamic landscape of innovation.

"VCs invest in founders who navigate change, not just products that can."

Bringing You Along for the Ride

This journey isn't just ours; it's yours too. Every week, I'll be sharing the journey with you… Every week, I will send you stats of how many VC’s I’ve spoken to, how much money we raised and everything that I`m learning!

Together, we're not just seeking funds; we're building a future where AI is accessible, impactful, and integral to solving real-world challenges.

So, here's to the road ahead—marked by challenges, learning, and yes, victories. Let's build this dream together.

To this wild journey,

Eder Teixeira Founder | The Daily Bite & Snack Prompt

PS. I have another gift 🎁 for you below!

I want to hear from you

Gifts 🎁
As promised, here’s this week’s gift!

I’m giving our courses to 10 people… 😱

Over the past few months, I've diverted 90% of my focus, collaborating with experts and analyzing over 30 million AI interactions. The result? Three comprehensive courses designed to transform your understanding and application of AI.

Here's the catch: I'm offering these treasures for $1, not because I'm after your dollar, but because a nominal fee ensures you value and utilize this knowledge fully. I ask for your commitment to watch these courses within the next 10 days and share your honest feedback with me.

Are you ready to leap forward in your AI journey? If you're as excited as I am for you to unlock these insights, email me directly at [email protected].

Act fast – this offer is for the first 10 responders only.