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The next billionaire
Stealth • 5h
Sam Altman's Guide to Startup Fundraising: What Really Works... "Raise money when you need it or when it's available on good terms. However, be cautious - while not having enough money can be problematic, having too much is almost always detrimental. Don't lose your sense of frugality or fall into the trap of throwing money at problems. To raise funding successfully, you need to understand the psychology of investors. Investors are often driven by two primary fears: 1️⃣ Fear of missing the next Google - This motivates them to invest in potentially groundbreaking companies. 2️⃣ Fear of losing money on obviously bad investments - This makes them cautious and selective in their choices. But here's what most founders get wrong: → They pitch sequentially instead of creating urgency through parallel conversations. → They focus too much on valuation instead of finding the right partners → They get demoralized by "no's" without realizing many successful companies looked unfashionable at first → They overcomplicate their story when metrics speak louder than words So, what's the best strategy to raise money? What must your pitch include to stand out? Why do some bad-looking companies get funded while good ones don't? How can you tell if an investor is genuinely interested? When should you accept a lower valuation? Credit: Sahil S/linkedin
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