📌 Validate your business idea with real customers before raising funds; prove the concept works to attract investors.

📌 Embrace unconventional financing methods, like private funds, to kickstart your business and show early traction.

📌 Scaling requires persistence; seek big investors, attend conventions, and build international partnerships for growth.

➡️ Book a Call with Chad

In this episode 144 of "Failing to Success", Juan Carlos Diaz, co-founder of Luxun Energy, shares their journey in the energy industry, providing green energy solutions without upfront investment. Initially, they faced fundraising challenges but managed to secure $30,000 from friends and family to begin installations. Positive validation from a major client boosted their confidence. They created a private fund, demonstrating that investors were interested in renewable energy projects. During the pandemic, they persevered and secured funding from a local bank. Subsequently, they raised $43 million from major funds. Diaz advises entrepreneurs to constantly validate and adapt their business while seeking unconventional funding routes.

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Chapters:

00:00:00 Intro

00:01:07 Fundraising

00:08:41 The Economics

00:15:18 Advice to New Entrepreneurs

00:17:15 Contact Luxun Energy

solar energy, green tech, entrepreneur success, startup funding, renewable energy, climate action, sustainable business, clean energy solutions, investment opportunities, energy industry, business growth, unconventional financing, environmental impact, entrepreneurship journey, energy startup story, scaling business, energy market, financial strategy, raising capital, innovative business model, renewable resources, sustainable entrepreneurship, energy transformation