Sam Li On Raising $98 Million To Take The Grind Out Of Information Security Compliance

In a recent episode of the Dealmakers’ Podcast, Sam Li, Co-Founder & CEO of Thoropass, shared his remarkable entrepreneurial journey, including his progress from his early days in Shanghai, China, to studying computer science and economics at the University of Virginia and, eventually, founding Thoropass (originally called Laika). Sam successfully raised funding for Thoropass from top-tier investors like Third Prime, Nyca Partners, Fin Capital, and Canapi Ventures. In this episode, you will learn: The power of seizing opportunities. Collaborating with a like-minded co-founder, they tackled a pressing issue in the insurance industry. The winding down of the Zinc Platform taught Sam the importance of product-market fit, focused scaling, and execution. He emphasizes that failures are not true setbacks but rather lessons in disguise. Sam’s experience in fundraising underscores the dynamic nature of the process. It’s not about adhering to predefined metrics but rather convincing investors of the unique value proposition. Sam’s transition from product and engineering to business operations highlights the adaptability required to meet new challenges. Thoropass aims to remove compliance-related obstacles, allowing businesses to focus on innovation. Sam’s personal experience with compliance inefficiencies drove the creation of this impactful solution. Thoropass’s rebranding from Laika reflects the company’s commitment to clarity and relevance in the market. The new name encapsulates their mission: Delivering a thorough and seamless approach to compliance and audit. Encouraging aspiring entrepreneurs to take the leap. The experience of being a founder, with its unique challenges and rewards, is incomparable and worth pursuing. Alejandro Cremades · EP 721 Sam Li On Raising $98 Million To Take The Grind Out Of Information Security Compliance SUBSCRIBE ON: