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We interviewed 30+ different YC founders that had successfully raised Series As about how they did so. We found that fundraising often looks easy from the outsi
by janellehmtam 6y ago
We interviewed 30+ different YC founders that had successfully raised Series As about how they did so. We found that fundraising often looks easy from the outside (especially in the press release), but in reality can be quite messy and filled with failure (especially the first time around). We wanted to write this to talk about what founders could do to get the capital they need if things aren't going their way.
- threeseed 6y agoIt's great that you did this. But YC and other accelerators really need to do more to educate startups on the perils of the VC backed investment track. Given that getting a Series A is only a reality for what 1% of startups it's important to know why the other 99% failed. And what percentage of those startups would've been around today had they been more aware of the low failure rate and ran their company accordingly.
- deleted 6y ago[deleted]
- josh2600 6y agoThis matches my experience raising money and the experience of basically every founder I've met (including ones that had a previous large win under their belt). Fundraising is messy.
- msied 6y agoIt might be worthwhile to interview those YC founders who were not successful in raising their Series A and had to close shop. Weed out that survivorship bias in the analysis.