Focus on investors who actually care about your mission, not lukewarm prospects wasting your time. Reassess how much capital you need and build multiple scenarios for your business. Consider smaller bridge notes to extend runway while the funding landscape shifts.
In no particular order, you got to go after the people that you feel are really connected to what you're building and feel passionate about it. If you see signs that this is just kind of interesting and they're kind of looking at it, move on. You can end up wasting so much time with investors that are just not going to get to yes. And even though they might be showing signs that they'll get to like 80% or 90% of yes, it's not yes until it's 100% of yes. Yeah. So focus on ones that just really get what you're doing. Keep reevaluating how much you're raising, right? Different investors are comfortable with different amounts. Um, not that investors should dictate how you're building the business, but because it's going to be harder to get a term sheet than ever, you might want to come up with different versions of how you run the business based on what's possible in terms of fundraising. Um, And don't be afraid to try and raise smaller notes to just keep you going and keep progressing, because honestly, the fundraising environment for seed and Series A could be massively different 3 months from now than it is right now. Right? So even another quarter could make a big difference.
