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if you have a mostly working product and starting to scale up, $750 is okay-ish. eg you have a saas that's already starting to grow or whatever. if you are sti
by joshu 12y ago
if you have a mostly working product and starting to scale up, $750 is okay-ish. eg you have a saas that's already starting to grow or whatever.
if you are still figuring out what you are building, it's too little. it will be very hard to raise again.
all except for one startup i invested in at a lower total raise ($500k) has died; they had even less runway to figure things out.
- vasilipupkin 12y agoI've invested in a bunch that have raised 1mln+ but that extra money just prolongs the same misery, while creating the illusion that they still have the funds to figure things out. I recommend maybe 1 mln rather than 750.
- joshu 12y agoYes. Not saying anything guarantees success, but too short a runway can ensure failure.