In this conversation, David Dellapelle, co-founder of Dune Security, shares his journey of building a cybersecurity startup focused on addressing human error, which accounts for a significant percentage of security breaches. He discusses the challenges faced in fundraising, the importance of customer feedback, and the resilience required to navigate the startup landscape. David emphasizes the need for transparency and authenticity in investor relations and offers valuable insights for aspiring founders on how to create value and build meaningful connections.
Takeaways- Talking to customers is more valuable than talking to VCs.
- Rejection is part of the journey; embrace it.
- Building relationships with investors is crucial for success.
- Focus on solving real problems for customers.
- Resilience is developed through adversity.
- The fundraising process requires learning from failures.
- It's important to maintain a balance between personal and professional life.
- Providing value should be the primary goal for founders.
- The startup journey is akin to a video game; you level up with each challenge.
- Transparency and authenticity can strengthen investor relationships.
Chapters
00:00 The Journey Begins: Overcoming Initial Challenges
02:52 Identifying the Core Problem in Cybersecurity
05:59 The Founding Story: From Idea to Execution
08:56 Navigating the VC Landscape: Lessons Learned
11:57 The Importance of Customer Feedback
14:57 Resilience in the Face of Rejection
17:47 Building Relationships with Investors
20:48 The Fundraising Process: Strategies and Insights
23:49 Post-Funding: Responsibilities and Growth
27:09 Maintaining Balance: Personal vs. Professional Life
30:10 Advice for Aspiring Founders: Focus on Value Creation
Find David here:
https://www.linkedin.com/in/daviddellapelle/ Find Helena here:
https://www.linkedin.com/in/helenafogarty/ Follow us:
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