In this episode, Hall welcomes Greg Spillane, CEO of Fancy.

Fancy is inspiration made shoppable. They are a highly-curated, discovery-based, social marketplace consisting only of verified sellers. Users come to Fancy to discover, share, and shop the best fashion, accessories, skin care, decor and more from emerging brands across the globe. No other platform offers the combination of content, commerce, and community for buyers and sellers. Fancy generates income from transactions conducted on the platform and paid advertising through media solutions. 

“Fancy what you find, and buy what you fancy!”

Greg is a former Division I athlete and holds an MBA from the University of Southern California, Marshall School of Business. Greg's passion is building high-growth technology companies. His unique combination of hands-on technical experience and a track-record of large-scale business development has enabled him to work with several leading technology companies to design innovative and differentiated products and then effectively commercialize them to large markets.

Greg shares with Hall what led him to start working in the social commerce space. He discusses the growth rate and some of the industry's challenges. He also speaks about the plan ahead for Fancy.

You can visit Fancy at www.fancy.com and via LinkedIn at www.linkedin.com/company/fancy.com/.

Greg can be contacted via email at greg@fancy.com, via LinkedIn at www.linkedin.com/in/spillane, and via Twitter at www.twitter.com/Greg_Spillane.  

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In closing an investor, you’ll need to provide basic documents about the business to prospective investors for their due diligence. 

There are several key documents you need for your diligence box or what some call a data room.

These include:

• Income statements, balance sheets, cash flows, with assumptions outlined - this shows the current financial status of the business.
• Discussion of distribution channels as the investor wants to know how you’ll distribute the product.
• Historical and projected headcount by function and location which is the plan for hiring.
• Summary biographies of senior management - who is currently on the team.
• Entity fillings - are you an LLC or C-Corp?
• List of material patents, copyrights, licenses, and trademarks - which is a summary of the intellectual property.
• Cap Table - who are the current owners of the stock?
• Three to five-year financial projections - what is your planned use of funds and projected outcome?

It’s best to gather these documents into one place before you launch your fundraise.


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.
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