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Step-By-Step Fundraising Tactics from an NYC Founder Who Raised $750M

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31–36 of 36 posts

Re: Step-By-Step Fundraising Tactics from an NYC Founder Who Raised $750M

#31

Does it strike me odd that CEOs and founders complain about fund raising? That's one of the most important parts of their job. And I don't see how having 20 VC pitch meetings lasting 30 minutes on average over the course of three months is exactly "hard" work. I'd expect nothing less, and perhaps even more. Or at least some kind of analytical approach to the process that is both reasoned and strategic as it is dilige…

I think a lot of people hope that they can start an company by bootstrapping it. They hope they can start a company without selling. At least without selling themselves to VCs. I have this hope. In reality this hope in unrealistic, because capitalism requires capital. Very few businesses can realistically be bootstrapped. I think you are correct in your assessment that most of the people who’ve commented on this thread about not wanting to raise funds like this are unfit for reality. I myself wonder if I am fit for reality, and try to be realistic about the fact that I will need to raise money or risk jeopardizing what I’ve spent a long time working on. If you think finance and raising money like this are somehow beneath you, you’re unfit for this scene. This scene is all about selling yourself in the basest most vulgar ways to get capital so that you can engage in capitalism. ABC. Bootstrappers are the real unicorns.

Re: Step-By-Step Fundraising Tactics from an NYC Founder Who Raised $750M

#34

Earlier quoted context omitted.

What's slimy about it? It's realistic

"Absolutely" is a lie in this situation. Lying, is, realistically, a better way to make any sale - but also realistically, an invitation to lawsuits and prosecution. "She said, ‘Look, it’s not easy. It’s hard. A couple things have to come together, but I think if they do, we’ll be in a position to make the budget.’ That’s a very honest answer. But it’s not the answer to give in this situation.” When you’re pitching,…

I stopped reading after that paragraph. I'd rather give honest answers than think that I have to lie to get funding. Also, my startups have raised tens of millions of dollars, so I'd rather not trust the author's advice.

Re: Step-By-Step Fundraising Tactics from an NYC Founder Who Raised $750M

#36
This is a joke. "You basically start to believe your own bullshit after a while, and that’s a good thing." How can this be taken as serious advice?

I hate this guy, and what this guy represents. I am not a bullshitter, and I will never be one. I'd rather not raise money and fail, than bullshit my way to IPO.

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