Early-Stage Funding: A Case Study for Burrow with Michael Aronson & Stephen Kuhl

Following previous education sessions on due diligence, term sheet and valuation, the Wharton Alumni Angel Network (WAAN) Boston is hosting a case study with Michael Aronson (Managing Director & Co-Founder, Red & Blue Ventures) and Stephen Kuhl (Co-Founder & CEO, Burrow) on Burrow’s funding journey. Michael and Stephen will share their perspectives as investor and founder on early-stage fundraising.

Michael Aronson co-founded Red & Blue Ventures and has had a more than 30 year career working with technology companies. He was previously the co-founder and Managing Director of MentorTech Ventures. Prior to becoming a full time venture capitalist, Michael was an entrepreneur and angel investor. In addition to his venture capital and entrepreneurial activities, Michael has served on the Board, and the Executive and Investment Committees of Ben Franklin Technology Partners of Southeastern Pennsylvania for more than 20 years. He also served as a Senior Lecturer and faculty member at Wharton for 20 years and has a network of more than 4,000 former students. Michael received his B.S. in Economics with Honor from the Wharton School of the University of Pennsylvania, majoring in Entrepreneurial Management and Multinational Enterprise.

Stephen Kuhl is the co-founder and CEO of Burrow, a furniture brand that’s making it radically easier for people to feel at home through award winning, innovative designs and unparalleled customer experience. Launched in 2017, Burrow is one of the fastest growing furniture brands in the world and has raised venture capital from leading venture firms including New Enterprise Associates, Y Combinator, Parkway VC, and Red & Blue Ventures. Stephen is an investor and advisor to several startups including CommerceBear, Suite Plants, and DeskView. Prior to Burrow, Stephen was a growth investor at Commonfund Capital and also worked in Accenture’s Global Strategy group, specializing in operating model design. Stephen earned a B.S. with honors from Cornell University and an M.B.A. from The Wharton School at the University of Pennsylvania.

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