Who Raised $10M Overnight? Spoiler Alert: "It Wasn't Me."

A Venture Backed Mystery

The Frontier Psychiatrists newsletter and associated media brands (YouTube, TikTok, music on Spotify, podcast, books of both poetry and nonfiction) have Owen Scott Muir, MD, DFAACAP, as editor-in-chief. I also co-founded a clinic business in New York called Fermata. We focus on neuromodulation in that clinic and provide services like treatment with SPRAVATO. You can imagine my surprise when I learned:

“Fermata” Raised $10 Million in a Series A Funding Round.

For those who are not in the world of venture-backed businesses, fundraising is quite difficult. It's difficult for most people, especially if you're doing it for the first time. Some people, particularly those who've done it successfully before, can put together a deck, wave their hands fast, and raise tens of millions of dollars from their former investors. They have a track record of having done well before. Most startup founders are not going to succeed. As I've written, most clinic businesses are not great startups—they nee…