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Don't base your plans on the funding market. Good startups can raise money in bad times (Airbnb raised its first round at the low point of the stock market in
by pg 15y ago
Don't base your plans on the funding market. Good startups can raise money in bad times (Airbnb raised its first round at the low point of the stock market in 2009) and bad startups can't raise money even in good times. So start a good company when you're ready to, and treat fundraising as a matter of secondary importance.
- larrys 15y ago"Good startups can raise money in bad times (Airbnb raised its first round at the low point of the stock market in 2009) and bad startups can't raise money even in good times." There is a wide area in between "good" and "bad". And those startups would no question have an easier time in a frothy market and a harder pitch in bad times. This isn't an observation on how startups get funded. It is an observation based on years of selling things to people and the ease of doing so when things are on the way up as opposed to the way down. (As an example, right now, domain name valuations are up and I"m closing as many deals (on behalf of clients and others) that I can knowing it can change.)