About this Episode
Katherine Hague co-founder of ShopLocket was a prodigious fundraiser in the two years from idea to exit. Hague describes some of the landmines to avoid when raising outside capital and why she still has one regret about the sale to PCH.
Hague’s story had a happy ending, but it still serves as a cautionary tale. When I asked Hague what she would do differently next time, she said she would try to self-fund more of her growth. You can minimize your equity dilution as you grow if you have a positive cash flow cycle, something we’ll create together during an exercise called The Valuation Teeter Totter in Module 10 of The Value Builder System™. Complete Module 1 now by getting your Value Builder Score.
About our guest
Katherine Hague is a serial entrepreneur, investor, and the founder of Female Funders, an online destination dedicated to inspiring and educating the next generation of female angel investors. She is the author of O’Reilly’s upcoming book, Funded: The Entrepreneur’s Guide to Raising Your First Round. Prior to leading Female Funders, Hague founded ShopLocket – acquired in 2014 by PCH. Hague was recently named one of the Women to Watch in Wearables and has been named one of Canada’s Top 100 Most Powerful Women. She has been quoted in the New York Times on fashion tech and was recently interviewed for the Oprah Winfrey Network. Find Hague online at katherinehague.com or @KatherineHague.