Treat fundraising as a partnership, not a transaction. Overvaluing your company early can kill future rounds when investors don't see returns. Fair valuations and aligned interests make investors more likely to back you again.
Do you have any advice for founders going through that journey of like fundraising at the early stage?
Yeah, so I think one important thing is to make it a win-win for everyone. And everyone who plays the VC game, whether it's a founder or whether it's a VC, they all need to think about making it a win-win. Often people get too greedy and just think only about themselves. And so even things like valuation, right, you could be greedy and try to grab as much as you can, but it comes back to hurt you in the next round. And if the VC doesn't get a good ROI in terms of returns, the VC is not going to invest in you next time around. So with my previous company, the investors who did well, they put money into this current company.
Paige of Behind Genius driving an AI electric train in St. Louis (Intramotev Visit)
