RocketOption exists to help founders spend less of their time raising capital.

matt wilbanks

My name is Matt Wilbanks and I've spent a ridiculous number of hours in activities related to fundraising.

After winding down the first company I started, I went back through all my notebooks looking for ideas. I was shocked at how many pages of notes were related to securing capital for the company.

I got curious so I went back through my calendar and started adding up the time devoted to people, activities, and events for fundraising. Ultimately, between the notebooks and my calendar, I estimated that, of the 6 years in that company, cumulatively, I spent 2 of those years devoted to fundraising. That was alarming.

I started talking to others and researching the topic. Apparently I fit right in. The average startup founder will spend about a third of all their time in a startup doing things related to raising capital – not working on their business. To me, this is tragic.

Everyone has heard the statistic that 90% of startups fail. With so much time spent in fundraising, founders are essentially only thinking part-time about their products and go-to-market efforts. Should it be any surprise, then, that 90% fail?

What if founders were able to cut the fundraising time in half and spend that much more time thinking about their businesses? Would more than 10% be able to find success? Sure seems like a reasonable outcome. That idea is exactly what led to the start of RocketOption.

Founders, investors, and lenders alike complain about the time-consuming process of putting new capital to work in startups. At RocketOption we aim to cut the time down and help founders see success, faster.

Want to see how much faster you can get growth capital with RocketOption?

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