Explore Podcast - Startups founders and investors
Explore Podcast | Startups Founders and Investors
Dropping out to build a zero-knowledge identification solution for online privacy, securing $2.5M in 2 days after struggling for 2 years - Ana Pricop (Outdid.io) - S2 Ep10
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Dropping out to build a zero-knowledge identification solution for online privacy, securing $2.5M in 2 days after struggling for 2 years - Ana Pricop (Outdid.io) - S2 Ep10

Welcome to this new episode of Explore! 😎

For those of you that have been here since the beginning, 1000 thanks, and welcome to the newcomers who have joined us in recent weeks. I receive a lot of encouragement on LinkedIn, the best way to send me some love is to follow this podcast and give it 5 stars. It will allow others to discover it. 🙏

In this episode I sat down with Ana Pricop, the co-founder and COO of Outdid.io, a startup that provides zero knowledge identification solutions to improve online safety. We discussed Ana’s unique journey from dropping out of a top school, to surviving in London with little to no money and raising $2.5M in 3 days after struggling for 2 years. Ana shares the challenges of fundraising, the strategic pivot from Web3 to targeting broader industries, the importance of the people around you, the necessity to maintain a balance between work and personal life and much more! 🚀

Early-stage founders and young entrepreneurs, this episode is for you.

Have a great episode! 

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Thanks to our sponsor ⁠⁠⁠⁠⁠⁠⁠OpenVC.app⁠⁠⁠⁠⁠⁠⁠! 🔥

Use the code "EXPLORE" to get a lifetime 20% discount on their premium membership.

Learn more about Explore: ⁠⁠⁠LinkedIn⁠⁠, ⁠⁠Newsletter⁠⁠

Learn more about ⁠⁠⁠Ana ⁠⁠and ⁠⁠⁠Outdid.io⁠⁠⁠.

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Timestamps: 

00:00 Introduction and Background

01:00 Ana Maria's Love for School

06:20 Starting Outdid.io

10:08 Technical Challenges

12:01 UC London Innovation and Enterprise Startup Program

22:27 Seed Round Fundraising

29:38 Explaining the Solution

31:08 Fast Term Sheets

32:13 Growing the Team

36:48 Differentiation from Competitors

42:23 Managing Relationships with Investors

44:58 Finding Your Role in the Company

46:10 Current State and Future Vision

49:37 Sigma Squared Society

53:21 Advice to Past Self

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Explore Podcast - Startups founders and investors
Explore Podcast | Startups Founders and Investors
Explore tells the stories behind the success of entrepreneurs and investors around the world.
Hi there👋, I'm Hugo Rauch, a financial analyst at Microsoft and the host of Explore. I've always been fascinated by startups, in 2022 I wrote a 100 pages paper on the startup economy. In 2023, I wanted to learn from experience and I started Explore.
I'm made myself the goal of supporting early-stage founders with theoretical and practical learnings.
Consider following and giving 5 stars to support the show! ✨
A feedback or an idea, reach out to me on LinkedIn (Hugo Rauch). 🤝
*Opinions expressed are solely my own and do not express the views or opinions of my employer.