DealMakers: Entrepreneur | Startups | Venture Capital

DealMakers: Entrepreneur | Startups | Venture Capital


Jake Soberal On Raising $100 Million To Diversify The Workforce

May 30, 2021

Jake Soberal has raised close to $100M for his own startup which is spawning a new tech ecosystem. His company, Bitwise Industries has attracted funding from top-tier investors like Owens Corning, GingerBread Capital, JP Morgan Chase, and Plum Alley Investments.

In this episode, you will learn:

* Where Bitwise is popping up next
* When you don’t need to raise more capital
* Mentally preparing for the startup journey
* Jake’s top book recommendation for entrepreneurs

Alejandro Cremades · EP 338 Jake Soberal On Raising $100M Million To Diversify The Workforce
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For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.

Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here).

Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below.

About Jake Soberal:
“The best part of my job,” says Jake Soberal, “is helping people believe that underdog cities can do exciting and important things.” Jake leads Bitwise Industries in vision casting, real estate development, and strategic initiatives. Jake grew up in Clovis, California with a dream of eventually holding national office—an aspiration that eventually turned into creating opportunity for folks of every walk of life.

Prior to co-founding Bitwise, Jake practiced intellectual property law at Walter & Wilhelm Law Group in Fresno. In 2012, over drinks and aha moments with his client, Irma Olguin, Jr., they excitedly discussed the possibility of a company that could nurture and network the critical components of Fresno’s tech industry and become a driving force for the local economy. The idea of Bitwise was born.

Jake believes we all have gifts to contribute—and an obligation to use them. He has teamed up with art advocacy nonprofit Creative Fresno to launch the Boomerang Project, an initiative aimed at reversing the city’s “brain drain” by connecting high-level jobs with talented individuals who’d previously moved away for greater prospects.