My co-founder and I started a DTC eCommerce brand September last year in a fashion niche.
We have a small team and have turned over £300k with decent margins in the first year.
We’re convinced that we can accelerate growth through funding. We’ll primarily use funding to supercharge marketing (hiring a small team to make content, partnerships, and venturing into Google Ads) and increasing our inventory. We’re also keen on leveraging the brand to scale into other product spaces.
I’ve gone full-time recently and been thinking about raising investment.
The addressable market is huge, my co-founder and I have strong experience in the space, and we have an edge.
As a DTC startup, how do we value our business to determine what % we should give away for X investment?
At this stage, debt would be ideal, but due to personal reasons, it’s not a form of financing we’d consider taking up.
Would love to hear some thoughts and perhaps some personal insight.
Thank you.
Thank you guys. Appreciate the insight!