In this episode, Hall welcomes Mark Lesney of Chilligence. Early in his career Mark worked in the retail-automotive space as Vice President of Operations with a large automotive company that was acquired by the Blackstone Group. Mark had colleagues in the entrepreneurship and startup space and was intrigued. He decided to change paths when his partner's father was going through an acquisition and they saw a need that wasn't being filled yet.

Chilligence was then conceptualized to help make due diligence easier. Whether used by a new business owner or a seasoned investor, they wanted to create a product that would eliminate wasted time, money, and stress from people’s lives. They believe that ideas are about forwarding momentum. Chilligence is designed to never hold back opportunity - instead, they want to help it out along the way.

Raising funding can have the same effect as winning the lottery.

Those who raise funding are both exhausted and exuberant. It’s a big win for the team and promises a brighter future for the company.  Just like the lottery, the sudden inflow of cash can change one’s perspective.  

Be careful to keep your spending in line during the times you are flush.  

A leading angel investor once said, “The IQ of a startup is inversely proportional to the size of their bank account.”

Stick to your plan and don't let the influx of cash lead into mission creep or overpaying for standard services.

Stick with your original goals and don’t let the funding change your spending.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today!