How A Black Female Founder Perservered To Raise VC For A Canadian Cybersecurity Startup
that leverages artificial intelligence to rapidly identify, evaluate, predict, and resolve cyber issues.A founder with two decades of experience in technology and tech information security with two banks should have been able to raise money for a cybersecurity startup easily. That wasn't the case.
After months of answering VCs' questions, McGowan would be told you're profitable, you've got this great pedigree and background, and you've got an outstanding team, but the answer is no."It [Protexxa] feels too good to be true." said one VC."That's the one that sat with me because it was the company [VC] I'd given the most to," said McGowan."They seemed to be all in, so I shared some secrets about what we're planning.
Venture capital is the lifeblood of a scaling tech startup. In these harsh market conditions, unrepresented founders, in particular, must have an extra dose of grit and determination to raise money."It's not the no that bothers me," said McGowan."It's the yes, no." She felt that she had been strung along. Writing the poem was like therapy for her.With the support and encouragement of her family, McGowan kept going.
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