Don Charlton founded the Resumator, an online recruiting software used by over 6,500 employers including Mashable, Hootsuite and Warby Parker eyewear. During an interview with BlackEnterprise.com, he talked about the biggest challenges he faced launching a startup.
While the Rochester Institute of Technology alum says that time and money were the two biggest challenges he faced starting out as a sole founder of the company, he credits hard work and having a good product as the factors that helped him to raise $18 million in venture capital funding.
“I think, obviously, the simple answer is if you want to be a tech company you basically have to grow your business and understand how capital is raised and put yourself in a position to actually raise venture capital,†says Charlton who admitted to getting his company name out there by going to a lot of accelerator programs. “I think, to be a little bit more specific, the way we were able to do it was by first and foremost having a really good product. It’s easier to raise capital when people know who you are already because you’ve built a product that people are using and they like.â€