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A simple thing I advise early-stage founders on: —> Stage —> Strategy —> Source 1) Stage - What stage are you really at? Idea, MVP, early traction, PMF? 2) Strategy - Do you need capital to survive or to scale? Different answers, different risks.

The stage awareness part is spot-on. Too many founders raise at the wrong stage - either too early before they have anything to show, or too late after they've exhausted resources. The badge mentality is also real - raising money has become a vanity