How to raise $10+ million for your startup with Dominic Woolrych

The Ryan Tan Show

Are you looking to raise capital for your startup? Or perhaps you aren't actively looking to raise capital but are curious on how you can build a reputation and stay relevant amongst venture capitalists and investors. If so, you will love this episode and today's guest.
His name is Dominic Woolrych and he is the co-founder of Lawpath — Australia's number one online legal platform that has helped over 300,000 small businesses across Australia. In 2022, Dom became the finalist at SmallBiz Young Hero Awards in the Young Innovator category and was voted as one of the top 20 University of Technology Sydney Alumni.
As a young entrepreneur, Dom first cut his teeth as a commercial lawyer at MinsterEllison, Australia's largest law firm, where he realised that only a select handful of businesses could afford top legal advice. Together with his co-founder, he witnessed how other industries moved their services online and applied this principle to the legal sector.
Dom's vision for Lawpath is to build the digital platform and help small businesses globally to access legal support at a fraction of the traditional system's time, cost, and complexity.

Today Lawpath is recognised as one of the top 10 legal start-ups in Australia and the top 50 globally. It has also been recognised as one of the AFR’s top 50 fastest growing business in Australia, while also having been nominated for a slew of awards including the 2022 AFR BOSS Most Innovative Companies and a finalist in the Australian Financial Review’s Best Places to Work in 2022.

What You’ll Learn From This Interview:

1. What inspired Dominic to embark on revolutionising the legal industry and pioneer legal technology in Australia.
2. How Dominic leverages working with the competition and industry players to create synergistic outcomes and partnerships, and where he sees Lawpath in the next 5-10 years.
3. How entrepreneurs can start and navigate the capital raising process, whether or not they are actively looking to raise capital, as well as how Lawpath has attracted
4. How startups can attract big strategic investors, family offices and VCs to their board, in addition to how startups can deal with board members and corporate governance effectively.
5. How Dominic is navigating Lawpath's next capital raising process as a venture backed startup with valuations down, and how he sees growth over the next 12-18 months.
6. How he has approached building a high performance team and strong company culture, including being a finalist in the Australian Financial Review's Best Places to Work 2022. As well as how he's planning to attract and retain talent, in addition to activating intellectual property within the business.
If you want to keep in touch with Dominic, you can reach him on LinkedIn. If you'd like to learn more about Lawpath, you can do so on their website: https://lawpath.com.au/
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