My one tweet on startup fundraising: 1. In this day and age it’s both the easiest and least important part of running a company. 2. The person joining your board matters 10x as much as the money. 3. The goal of every round should be to make it so you never have to raise again.
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Replying to @AustenAllred
How much of this do you think are your values applied to your specific context versus how much is generalizable advice to the average startup founder hustling in the US? The world? I think 1 and 2 are true for the average YC founder. 3 feels like a values trade-off.
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Replying to @weswinham
I’ve raised both inside and outside of YC. Valuations and amounts are higher in YC for sure, and frankly if you’re a solid YC company it’s a layup, but (at least in the US) raising is still easier than creating a successful company
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Replying to @AustenAllred
I talk to a lot of first-time, non-technical founders (mostly women) who don't have a shot at really building their business because they don't have the financial flexibility to either hire developers or dedicate full time. For them, #1 is a requirement to have a shot. It's hard
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Replying to @weswinham @AustenAllred
I ask because points 1 and 2 are probably true from my privileged position. Maybe I'm closer to the average founder than I realize, but my guess is that the average is somewhere among the 56 startups that applied to Indianapolis
@gBETAstartups and didn't make it.1 reply 0 retweets 0 likes
There’s a big difference between “raising money is easy” and “raising money is the easiest part of building a successful company in 2018.” Building a successful company is really difficult.
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