Today, we’re talking about fundraising in today’s environment.
I spend a lot of my time begging founders not to focus on fundraising and instead focus on customers. But the current behavior of VCs at the seed and Series A stages, is the most founder friendly I’ve encountered. I’m seeing a lot of term sheets with valuations that are 100x revenue or more, and VCs emailing higher and higher valuations until a company accepts. Wild times.
No guarantees whatsoever — fundraising is tough and it’s still “winner takes all”. But if your company is doing well and you were thinking of waiting until April to start conversations. I would take those “feedback” meetings now.