It is possible to raise too much money in startup fundraising
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Paul Graham/How to Raise Money
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Startups that raise money usually do it more than once 1 0 1A high proportion of successful startups raise money 1 0 2Fundraising is distracting and can halt other operations in a startup 1 0 2A startup should either be in fundraising mode or not 1 0 2When raising money, a startup should focus its whole attention on it so it can get done quickly and get back to work 1 0 2The amount a startup should raise depends on the startup's needs, not on the amount investors are willing to invest 1 0 2Underestimating the amount you hope to raise sends useful signals to investors 1 0 2A startup will be in a much stronger position if it can make it to profitability without raising any additional money 1 0 2The real test of a startup's success is revenue, not fundraising 1 0 2Raising too much money sets impossibly high expectations and can make a company more rigid 1 0 2