Series B falls apart (David Rabie, Tovala)

On Not Another CEOHosted by Not Another CEO PodcastWith David Rabie20264 min
FounderFailed raiseClosing the roundFundraising psychologySeries B+Bridge / extension
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What this teaches

Tovala founder David Rabie recounts the moment his Series B fell apart, what it felt like, how the company survived, and how they eventually got funded anyway.

Why it matters

A concrete, named, firsthand account of a round collapsing late — the scenario founders fear most and almost nobody discusses on the record.

Key lessons

  • A signed term sheet isn't money in the bank
  • Keep a parallel plan B alive until the wire hits
  • Companies survive failed rounds more often than founders expect

This video was created by Not Another CEO and features David Rabie. We summarize and link with attribution; all rights belong to the creator.

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