Manage episode 339861229 series 2609669
Michele Romanow joined the cast of CBC's Dragons' Den in 2014 after successfully selling her digital coupon business SnapSaves to Groupon. At 28 years old, she was the youngest "dragon" on the show, but that didn't stop her from innovating. During her second episode, Michele decided to flip the traditional Dragons' Den pitch from equity to revenue.
The decision led to the creation of the investment company Clearco and the invention of the revenue-based financing category. The model helps fund ecommerce companies fast and affordable, where founders pay a set percentage only when they make revenue. To date, Clearco has invested $4B in 10,000 founders in 11 countries across the world.
Listen to Nathan and Michele discuss:
- Why her first business was a caviar fishery
- Acquiring customers through sidewalk chalk
- Creating the Clearco model by shifting the Dragons' Den model
- Accepting rejection as part of the job
- Taking advice from people that you want to be
- How to build the relentless muscle
- How data removes bias from funding decisions
- Stories and lessons from Dragons' Den
- And much more ecommerce funding advice…
Foundr & Clearco have teamed up to help you increase cash flow & extend payment terms for your online business: https://clear.co/partner/bnpl/foundr/
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