Stop obsessing over raising funds as if it's the only lifeline for your startup

Name: Stop obsessing over raising funds as if it's the only lifeline for your startup
Uploaded: 2023-10-01T09:39:29+00:00
Duration: 59 s
Channel: James Sinclair
Description: James Sinclair advises startup founders not to obsess over raising early-stage "origin" funding (pre-seed/seed) as if it's the only path forward. He…

1 Oct 2023 · 1 min

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James Sinclair advises startup founders not to obsess over raising early-stage "origin" funding (pre-seed/seed) as if it's the only path forward. He critiques founders who spend all their time on mass outreach, growth-hack tools and perfecting pitches, and warns that odds of raising are low unless substantive progress has been made.

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If you're a startup founder raising origin money, seed, pre seed, early days money, the money that you think you just have to have to get to the next thing because you're not an engineer and need to build an MVP or whatever that might be or the marketing dollars that you believe you need or the skills that you're missing, whatever it is. And I'm talking about origin money, I'm not talking about level up money. And you're watching VC talk, here's how the decks, here's the right email strategy, here's the list of investors. You're doing Dripify, you're doing INSTANCE instantly, you're doing every tool on the planet. You're literally spending every waking moment just reaching out en masse to angel investors, hoping they're going to be like, oh, this is the solution we're looking for. I'm not saying stop. I am saying there's an extraordinary high chance that you're never going to raise a dollar at this point. And because the odds are not in your favor, nothing's really in your favor. You probably haven't done enough to make it in your favor or.