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This is a message board run by a VC firm. The process of raising venture capital is of significant interest to me and I'm guessing many other readers. Is 8 wee
by sonofaplum 8y ago
This is a message board run by a VC firm. The process of raising venture capital is of significant interest to me and I'm guessing many other readers.
Is 8 weeks a particularly fast timeframe for raising a seed round? I'm sure that spending fully one quarter of the total lifespan of your company doing something besides building features would be equally unpleasant for many founders.
I didn't read this as the whining of the privileged, but rather as a well-written, detailed account of a business process that is fundamentally important to the tech industry, and yet is extremely opaque to those who haven't directly experienced it.
I particularly want to thank the writers for providing detailed and actionable advice regarding how they frame their business to investors.
- kenneth 8y ago8 weeks is extremely fast for a seed round.
- ModernMech 8y ago> I'm sure that spending fully one quarter of the total lifespan of your company doing something besides building features would be equally unpleasant for many founders. Why? Founders are building a business, not implementing a list of features. Businesses need funding. So a serious founder would approach funding with the same about of regard as building features IMO.