Uber founder Travis Kalanick’s advice for startups that need to fundraise

This is actually one of the more difficult questions that I get. When should I go out for funding? If you're sort of seed stage company, the way I look at this is you should go for funding as late as you possibly can, go as long as you can, scrapping. Get your technology and your traction as far as you can, and you will guarantee yourself the best fundraising process. That includes a quick process, that includes a competitive process, that includes good terms at the end of the day. Now, once you have funding, it's slightly different. You know, there is a timing element to it, but it's almost the same. I mean, you don't want to wait as long as you possibly can because then you have, you know, you have 10 employees and you've got two weeks left and you're like, okay, it's time to raise funding. You can't wait that long. There's a timing element to it. But again, I would say push it out as far as you possibly can. If you're doing some good stuff, eventually those VCs are going to start reaching out to you and you're going to say, oh, I'm not really raising. And they'll be like, they're going to try to preempt and then, you know, it's time to do a real process.