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How Rejecting a Dream Offer from Investors Saved MoxyPatch’s Future
Manage episode 421339139 series 3435890
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Securing funding from investors can stabilize your startup operations and accelerate growth, but it can also derail your business’s future if the investors are not the right fit. In this episode of the Harvest Growth Podcast, we talk with entrepreneur Remy Warren, who turned down an enticing investor offer - one she had initially worked hard to secure - after carefully reading the fine print.
Remy has since successfully bootstrapped her startup, Moxy Patch, into a thriving, fast-growing enterprise. Her flagship product, the MoxyPatch™ bladder leak prevention kit, is becoming a market favorite, helping women with stress urinary incontinence prevent mild-to-moderate leaks.
Remy shares why she declined the investor offer, how ignoring her mentors’ advice was a game-changer, and how this experience has better prepared her for future funding efforts. We also delve into her marketing strategies, particularly on Amazon, where she sells the MoxyPatch™ and the impact this has had on her business. This episode is packed with valuable insights and fun moments you won’t want to miss - so tune in now!
In this episode of the Harvest Growth Podcast, we'll discuss:
- Why entrepreneurs must scrutinize prospective investor offers before signing on the dotted line.
- How to select the right business partners and advisors for your startup.
- Benefits and drawbacks of selling on a third-party e-commerce marketplace like Amazon.
- A common mistake to avoid when using product sampling techniques to penetrate the market.
- And so much more!
The MoxyPatch™ is a patented technology that prevents - not absorbs - leaks caused by stress urinary incontinence. Loved by pregnant women, new mothers, and women previously suffering from this silently persistent discomfort, the MoxyPatch™ can help you become free of embarrassing moments and boost confidence at all times.
To be a guest on our next podcast, contact us today!
Do you have a brand that you’d like to launch or grow? Do you want help from a partner that has successfully launched hundreds of brands totaling over $2 billion in revenues? Visit HarvestGrowth.com and set up a free consultation with us today!
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