Helen SourisGuest
Christian EspinosaHost
Trevor SlatteryHostAnd what was that like, raising capital? Was that a challenging experience? We're
we hear a lot of pitches and capital is a big component of our industry because I think I heard it takes seven years and 35 million US dollars to bring a product to market.
There's always someone trying to raise money, right? So how was that experience for you? Just curious.

I'd never raised capital before outside of a large multinational, so that was a culture shock.

But when I actually went out to do our first capital raise, it was a down round, and I didn't even know what that meant.

So the very first capital raise I did in 2019 was a down round, and I went, okay, let's just get going.

But it was hard to get that initial investment but we got it and since then we've obviously had a series of campaigns where you'd have to continuously inject capital into the Australian market.
And what was that like, raising capital? Was that a challenging experience? We're
we hear a lot of pitches and capital is a big component of our industry because I think I heard it takes seven years and 35 million US dollars to bring a product to market.
There's always someone trying to raise money, right? So how was that experience for you? Just curious.

I'd never raised capital before outside of a large multinational, so that was a culture shock.

But when I actually went out to do our first capital raise, it was a down round, and I didn't even know what that meant.

So the very first capital raise I did in 2019 was a down round, and I went, okay, let's just get going.

But it was hard to get that initial investment but we got it and since then we've obviously had a series of campaigns where you'd have to continuously inject capital into the Australian market.
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