Monday Oct 30, 2023

Robert Rizea: The hard work started after we received £2m for our start up

You must get used to hearing “No” when trying to raise funds to start a business idea. Knowing that eventually you will hear the yes you need is all the motivation you need to keep going.

That was the belief my guest in this episode had to get his idea off the ground. Robert Riza is the Co-Founder and CEO of RacketPal, a platform built out of a love for racket sports.

He talks about what it took to get funding for the project and how getting the funding was only the start of the challenges he faced. He also gives advice on what you need to generate funding and the information he reports to investors.

“I just knew that the next person I called the next person I reached out to, the next person I emailed could change my life” – Robert Rizea

Timestamps

02:12 - An introduction to Robert

03:55 - Making a plan for the money needed

09:53 - The challenges of phoning for funding

14:22 - What you need to start a funding round

18:59 - Pricing founder salaries into funding

20:50 - Reporting financials to investors

27:25 - What is the future for RacketPal?

Connect with Robert Rizea

LinkedIn - https://www.linkedin.com/in/robert-rizea/?originalSubdomain=uk

Twitter - https://twitter.com/robertrrizea?lang=en-GB