
01
Lesson 01 of 13
Select Investors Based on Their Access to Your Target Buyers
When Gary Ong set out to raise capital, he treated investor selection as a customer acquisition decision.
Rather than optimizing purely for valuation or brand name, he specifically targeted investors who were active on the demand side of his market. “Our investors are Dynamo Ventures, Medieval Mobility, and EPS Shipping. And they’re all folks in the hydrogen demand side, in a sense, that they’re trying to use hydrogen for either logistics, mobility, or shipping.” The intent was explicit: “We ended up with them as investors because we wanted to use them as channels to get us more customers within these space and verticals.
So that was a very clear intent of picking these investors.” For founders selling into concentrated markets, the cap table can function as a distribution network if you build it that way from the start.












