Guide Raising Capital 5 min
Do You Really Need an Investor?
A decision checklist for separating a genuine capital requirement from the assumption that every startup should raise.
Fundraising Hub
Raise with a reason.
A focused set of decisions, checklists, and templates adapted from the Polish original Anioł w Piekle: when to raise, what investor money changes, and how to prepare for the relationship.
From the book
Aniol w Piekle is the source for this section: how to raise investor money, and why it is not always worth taking.
Read free chapters →List
Investor list
European pre-seed, seed and Series A funds, checked on their own sites.
Calculator
Pipeline Math
How many investors, meetings and emails your round needs.
Template
Pipeline template
A free spreadsheet with statuses and follow-up dates.
Template Post-Raise 5 min
Monthly Investor Update Template
A consistent update keeps founders honest about progress and gives investors enough context to help before a problem becomes urgent.
Guide Raising Capital 7 min
Nine Ways to Finance a Startup
Investor equity is one option. This map compares the nine financing paths presented in Anioł w Piekle.
Template Pitch & Communication 5 min
A Ten-Part Pitch Deck Structure
A simple narrative structure from Anioł w Piekle for explaining the company without hiding the investment case under decoration.
Guide Due Diligence 6 min
Prepare for a VC Process
A compact preparation sequence: confirm the decision, define the milestone, research the right funds, and keep more than one path open.
Guide Term Sheets & Legal 7 min
Term Sheet Reading Checklist
Valuation is only one line. Use this checklist to examine ownership, downside protection, control, and the working relationship behind the offer.
Guide Raising Capital 6 min
Build an Investor List
A short list of funds that can invest in you beats a long spreadsheet. What to check for each fund, where to look, and how to order the list.
Template Pitch & Communication 7 min
The First Email to an Investor
Two sentences, a reason to write to this person, and an offer to send the one-pager. Five short templates built on the rule from Anioł w Piekle.
Guide Raising Capital 6 min
How Many Investors to Contact
Talk to many funds at once, keep the pace even, and count a round as closed only when the money is in the account. Plus the math behind the list.