Just a few months ago, we introduced you to Mogul Millennial Dave Salvant, one of the leading Black male (and millennial) entrepreneurs in the startup space.
In 2015, Dave and his co-founder Songe LaRon launched Squire, a Y Combinator-backed tech startup that enhances the barbershop experience for both customers and barbers. With Squire, customers can book and pay for their cuts with a simple push of a button. For small businesses, Squire serves as a backend platform that provides software for CRM, booking management, analytics, and POS [point of sales] systems.
Recently, Squire announced that they just raised an $8 million Series A round led by Trinity Ventures (now, according to CrunchBase, totaling their full funding round of $8.8 million). Since launching, Squire they have grown to operate in 28 cities across three countries with more than $100 million in transactions processed to date.
With their new round of funding, Squire plans to recruit additional engineers and sales team members, and use some of it on marketing dollars.
Because the amount of funding towards Black entrepreneurs is significantly low, seeing entrepreneurs like Dave raise over a million dollars undoubtedly brings a sense of hope for other entrepreneurs who may feel defeated by their inability to raise money for their startup. One of the known actions that entrepreneurs can take to improve their chances of raising money is by perfecting their pitch.
A few months ago, we chatted with Dave of Squire and got his advice on pitching, accelerators, and why an entrepreneur’s pitch may be costing them funding dollars.
image credit: Squire