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Fundraising Mistakes Founders Make

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In his blog post, Sam Altman outlines key fundraising mistakes that founders often make. He warns against over-complicating the fundraising process, emphasizing that a strong company will attract investors naturally. Founders should focus on creating a competitive environment and avoid chasing unrealistic valuations, which can alienate potential investors. Altman stresses the importance of building a relationship with a lead investor and pitching passionately about what excites them. Additionally, he advises founders to conduct reference checks on investors, maintain a clear vision, and know their key metrics. Ultimately, authenticity and trustworthiness are crucial for successful fundraising efforts.