Fundraising can be demoralizing when investors reject you
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Paul Graham/How to Raise Money
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Finding investors is hard for startups 1 0 1Fundraising is hard because it's intrinsically difficult to convince people to part with large sums of money 1 0 2The behavior of investors is often opaque to founders 1 0 2Fundraising is distracting and can halt other operations in a startup 1 0 2Underestimating the amount you hope to raise sends useful signals to investors 1 0 2Startups raising money occasionally alienate investors by seeming arrogant 1 0 2Investors who reject you are some of your warmest leads for future fundraising 1 0 2Good investors don't lead startups on; their reputations are too valuable 1 0 2Some founders deliberately schedule a handful of lame investors first, to get the bugs out of their pitch 1 0 2Investors may pressure founders to stop raising money until they commit to them 1 0 2