424: How Dragons' Den Star Michele Romanow is Removing Funding Barriers

The Foundr Podcast with Nathan Chan

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1+ y ago 46:48

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Michele Romanow joined the cast of CBC's Dragons' Den in 2014 after successfully selling her digital coupon business SnapSaves to Groupon. At 28 years old, she was the youngest "dragon" on the show, but that didn't stop her from innovating. During her second episode, Michele decided to flip the traditional Dragons' Den pitch from equity to revenue.

The decision led to the creation of the investment company Clearco and the invention of the revenue-based financing category. The model helps fund ecommerce companies fast and affordable, where founders pay a set percentage only when they make revenue. To date, Clearco has invested $4B in 10,000 founders in 11 countries across the world.

Listen to Nathan and Michele discuss:

Why her first business was a caviar fishery
Acquiring customers through sidewalk chalk
Creating the Clearco model by shifting the Dragons' Den model
Accepting rejection as part of the job
Taking advice from people that you want to be
How to build the relentless muscle
How data removes bias from funding decisions
Stories and lessons from Dragons' Den
And much more ecommerce funding advice…

Foundr & Clearco have teamed up to help you increase cash flow & extend payment terms for your online business: https://clear.co/partner/bnpl/foundr/

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