In my experience, I can tell, fund-raising for startups is done by two types:
(1) time-sensitive entrepreneurs and
(2) value-sensitive entrepreneurs.
We have seen those who focus on a time limit, go all out, raise money, build the product, lead the market are WAY MORE successful than those who sit on a termsheet to negotiate valuations, fret about the investors cap, ticket-size floor, tranches, yada yada. As long as you're not doing a down-round and the investor does not have any harsh terms such as anti-dilution, drag clause etc, you just want to raise the money and start impacting the market before anyone else does. Cut the noise, take the money, own the market. Anything else is not worth your time.
Yes, it sounds about right. You need to be able to make decisions quickly in order to succeed.
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