A short monologue by Precursor Ventures about how rapidly shifting market expectations make fundraising difficult for founders. The speaker explains that the bar for "excellence" can change in weeks or months, causing founders to race toward goals that may become insufficient, and advises focusing on rapid growth and answering investor questions while hoping it will be enough.
I think the hardest. Well, there are many things that are hard about being a fund right now. I think one of the harder things is depending on when you go fundraise, the bar for excellence might have changed dramatically in a month or a quarter and you might have been racing toward a goal that was the right goal when you started the company, but now it just isn't enough. And it's much easier to have a sense of that as an investor because you're in market and you're constantly getting feedback than it is when you're a founder and you're like, hey, I'm heads down building and I saw a tweet that said that triple, triple, double, double was good enough. And now I see another tweet that tells me that it isn't. What am I supposed to do? I'm like, I don't know. It's really hard. Grow as fast as you can, answer as many questions as you can and hope that it's enough.
