The best fundraising method is 1. Know the space better than the VCs 2. Achieve results faster than the “silicon valley standard” 3. Believe in yourself and your team - as a founder you are always investor #1https://twitter.com/paulg/status/1090180727315070976 …
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true - but building silicon valley teams is hard especially when founders have no previous exits to sustain. but that is the true goal for sure.
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Then don't build in Silicon Valley. The planet has a land area of 57,500 sq. miles, why limit yourself to the most expensive 46
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Zoho is a great example of that. Any other examples that come to mind?
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Survey monkey, Basecamp
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A lot of that is because rounds tend to be public, whereas revenues (which are the real test) are usually a closely guarded secret. People get excited about fundraising because it's the only dollar number they get to see.
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That is absolutely the best advice! Be differentiated, attack competitors from the flanks and be able to grow organically on your own.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I thought the point of a startup was to focus on growth and not profitability
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Growth, but ideally while keeping profitability within easy reach.
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Ramen profitability as you said.
@paulg What do you think about product with network effect which needed to raise funds in order to be the first to achieve the critical mass before thinking about profitability?Thanks. Twitter will use this to make your timeline better. UndoUndo
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