Top startups pitch 50 to 100 investors to close an angel or seed round, though some founders pitch 200 before landing funding. The number varies by location and company, but persistence through rejection is what matters most.
What's the average amount of pitches you have to do in order to secure funding for a company with a product and some traction?
So on average right now, top companies are pitching somewhere between 50 to 100 investors to close an angel or seed round. Now sometimes that happens faster, sometimes that happens less fast. Kind of depends again where you are and what your location is. But it's honestly not uncommon for founders to have to pitch 200 people to close their seed round, and the majority of those people will say no. And so this, you know, back to kind of like some of these qualities that were brought up earlier, right? Like, so tenacity is another one that's super important. So when we look at kind of like the folks that go through our programs and end up raising money, you have very, very tenacious folks that just, you know, will just keep going after it, just kind of run through walls to kind of make it happen. And sometimes with fundraising, particularly early on when there's just like a lot of unknowns, you just kind of have to keep, keep, keep trying it a lot of times.
