Crunchbase: A Letter To The Founder Who Has Yet To Raise Their First Big Round
Crunchbase – December 19, 2022
By Brett Queener
Your job is the same as it’s always been for founders at this stage. The only difference is that you have to actually achieve the validation required from investors early on. You have to do the hard work of finding some product-market fit whereby what you are building is something many people feel the need to purchase today.
It turns out, especially in a high-inflationary recessionary environment, this is hard and takes time. Rather than seeing this time as agony, take it as a gift. This is prime learning time. The more you know when you raise your first big round, the less apt you are to waste those funds.
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