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The primary problem with these "how we raised..." posts is that the authors rarely acknowledge that raising money with or without x, y and z is in most cases la
by 7Figures2Commas 13y ago
The primary problem with these "how we raised..." posts is that the authors rarely acknowledge that raising money with or without x, y and z is in most cases largely a function of the current market and economic environment and less a function of their "story" or fundraising wizardry. In other words, if you have an idea, decent track record, the financial markets are not depressed and capital is cheap, you can probably find somebody who will cut you a check.
Unfortunately, during down cycles, you don't see many "how we failed to raise money even though we had x, y and z" blog posts, even though plenty of those stories exist.
- johns 13y agoFair point. Someone still has to put all the pieces together at the right time though.
- 7Figures2Commas 13y agoSure. Don't get me wrong: not everybody can raise money from professional investors, even when market conditions are working in favor of founders. But all the attention that gets focused on fundraising (instead of building a successful, self-sustaining business) is akin to focusing on putting on one's shoes instead of actually running and completing the marathon.