Excited to announce our new Podcast on iTunes called "How I Raised It" where I interview startup founders who raised capital and "unpack" how they did it. Check it out on iTunes https://t.co/LyrfhuXCOw or Soundcloud https://t.co/IyM9RJtO8C
The real value wasn’t just managing a round. It was being able to pick up every conversation exactly where it left off a year later. — Rachel Carpenter, @Intrinio
Most founders misunderstand persistence in fundraising. As @Cflexman puts it, it’s not about convincing someone who said no, it’s about moving on. You might hear 60 or 100 no’s before the right investor shows up, and what matters is staying consistent until then.
The fastest way to kill a fundraise is to fake momentum. As @Cflexman points out, saying you have a term sheet when you don’t will backfire quickly. A better approach is to be clear about where things stand and drive toward a timeline, without overstating anything.