Can you Fundraise Right Now?
Lots of founders asking if they can still fundraise right now?
Yes, but it’s the toughest time in a while. However, the best companies are still getting 100x revenue deals signed.
This is a slide from a talk I gave last week….
The exuberance of the last 2 years couldn’t last forever.
It’s unfortunate you have to fundraise during a tough time but it remains possible and I’m participating in multiple 100x revenue deals right now.
The best startups are still getting competitive term sheets, as VCs have plenty of 💰 raised from recent years.
Plan to do at least 150 first meetings to raise $1M+.
If you’re not fundraising on strong growth or a tech breakthrough, you should expect a long process. Being lean during these times can help a lot.
Investor sentiment has turned very negative (just look at the public markets). This will be a bumpy ride. Your team will need you to be resilient during this process and grind it out.