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There's an important difference between a fundraise actually taking 6 months, and a fundraise that you started several months before you were ready (ie, before
by gregcohn 14y ago
There's an important difference between a fundraise actually taking 6 months, and a fundraise that you started several months before you were ready (ie, before your company has a "market-clearing" offer).
If, in parallel to fundraising, you are spending months demonstrating traction, preparing decks, modelling out potential outcomes, launching a product, or whatever, the problem isn't "fundraising takes longer than it looks on tv", but rather, "fundraising requires clearing higher standards that it seems to on tv".
- eladgil 14y agoGood point. I see a lot of entrepreneurs start with a bad pitch. A few weeks in they will stop to regroup. They will refine the pitch, and start again. In parallel, they may get more aggressive about coordinating all the meetings into a short window of time / pushing people to meet sooner.
- dm8 14y agoElad, I agree with you on this point. Question being, should entrepreneurs get more agressive about co-ordinating meetings into a short window of time? How do investors react to that?