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I've been noticing an increasingly bimodal distribution of success among startup founders, at least locally. I see more stories of unbelievably large funding ro
by PragmaticPulp 6y ago
I've been noticing an increasingly bimodal distribution of success among startup founders, at least locally. I see more stories of unbelievably large funding rounds online every day. I read non-stop Tweets about how easy it is to secure funding. Locally, we have a few lucky founders tapping into this easy capital and raising valuations that would have seemed impossible a few years ago.
Yet outside of the lucky few founders securing this money, I see a lot of founders struggling to even get the attention of VCs. I know several otherwise successful local startups with good founders that have been failing to raise for months or even years because they don't fit the mold of a potential rocketship startup. In some ways, having established customers and a working business model with self-sustaining revenue is a negative sign for investors looking for the next 100x investment or quick flip opportunity.