#10 - Prashan Paramanathan - Venture Capital Fundraising as a Social Enterprise & the Public Benefit Company Structure

Episode 9 & 10 of the Doing Good Podcast are interviews with Founder of Chuffed, Prashan Paramanthan. In this episode, Prashan shares a ton of wisdom from his journey raising VC funds, how others can learn from their fundraising process and general advice for social entrepreneurs who are looking at securing investment from other non-traditional sources. Prashan also talks about Chuffed’s company structure and why they made the decisions they did to set it up that way.  If you don’t already know much about Chuffed, I recommend listening to episode 9 before tuning in to episode 10. Looking forward to your thoughts!

 

Favourite quote from episode:

“Start with only enough that you need to figure out what people actually want [24:13]

 

People/ items mentioned in this episode:

Chuffed

Chuffed’s blog

Chuffed’s Public Benefit Structure

Chuffed Seed Funding Round

 

 

Get in contact with Prashan on Twitter

 

Show notes

• What was the path that Chuffed took to raising venture capital funding as a social enterprise? [2:20]
• Prashan shares the 3 common responses by commercial investors to social enterprises looking to raise funding [06:10]
• More on Chuffed’s public benefit company structure [10:00]
• Prashan shares useful advice he’s been given [20:30]

 

What was your favorite quote or lesson from this episode? Let me know in the comments!