> So, unless you come from money, attended a prestigious university in the States or sold your previous startups for a lot of money, you should assume that you’

> So, unless you come from money, attended a prestigious university in the States or sold your previous startups for a lot of money, you should assume that you’re never going to raise early-stage capital. Most founders are none of those things. It’s hard to raise money, of course, but the author makes it sound like it’s impossible. I’ve seen plenty of crappy companies with not much to show raise an angel round on nothing but fairy dust. OP also argues that less than 1% of companies raise money. Does that mean that less than 1% that try to raise money are successful? I highly doubt that. That might be about the percentage that get into YC or raise from a prestigious fund in their seed round maybe, but it seems like what percentage of total businesses raise a seed round, which is a stupid thing to measure.