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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Absolutely. But even if it costs hundreds of dollars, the engineers have to be paid a bare minimum wage. And that's the reason for a seed round - raise a seed round for 2-3 engineers to work for a year establish product market fit with the CEO and maybe a Head of BD/VP of Sales
The engineers don't have to be paid anything if they're you, which is part of the reason startups started by technical people do better.
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it's fair - i'll stop b-tching online and get to work. i'll bring the revenue and then come back to you. thanks for all the replies paul - the work you've done for our startup space is well appreciated and looking forward to more solid blog posts in the future. cheers.
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I think the feeling that you “need” to raise money is unique to SV. In my experience, outside of DV I’d say it’s more common to not even know raising is an option, or to believe you couldn’t raise even if you wanted to.
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Not paying yourself. What a silly sacrifice we make for working on incredibly hard problems
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Startups started by technical people do better....for a while. 95% of the early stage business I meet who have great products but stalled sales, were started by engineers. Great at the tech, don’t know how get in front if the right people.
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