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At some point everyone was a nobody with none of the above. You can actually start to check some of these boxes off. It's also not some definitive list either
by jasonlbaptiste 16y ago
At some point everyone was a nobody with none of the above. You can actually start to check some of these boxes off. It's also not some definitive list either. Don't just look at these points, but also look at all the same shit the successful ones went through. Don't give be discouraged.
- paraschopra 16y agoYup but I somehow missed noticing following point in your post: _They got lucky_ Don't you think luck plays (or played) a great amount of role while raising funding? PS: I define luck not as some sort of divine act but rater being "at the right place at the right time", something which can't be replicated per se.
- jasonlbaptiste 16y agoheh, really funny. My original draft in textmate had that as the last point. I left it out because it's hard to nail down as something replicated/recognizable. It's also sometimes the cause of many of the other points.
- mattmaroon 16y agoWhen someone raises a mammoth Series A before launching, then no. It's almost entirely that they had previous successful startups under their belt, saw a hot market, and were really good at whipping VCs into a lather and creating a market. Luck doesn't do that, skilled fund raising and a hot team and market does. If you took two founders who had separate, large exits previously, and had raised a lot of money before, and were making a startup in location based services, or cloud computing, they'd have a 100% shot at a big round. When someone raises a large round a year after they launched, which almost always means they got a lot of traction, then possibly.