• 0 Posts
  • 1 Comment
Joined 11 months ago
cake
Cake day: November 9th, 2023

help-circle
  • No, not for you specifically. Here’s what I would do instead:

    1. Decide if you’re building a rocketship for VC’s, or a more sustainable slower growth business where angels/customers might invest.
    2. If there’s VC-level potential, create a 5 page pitch deck showing your problem, thesis, goal, and current #'s.
    3. Get warm intros to VC’s, as many as you can. Don’t cold email unless they’re on one of those the “cold emails please” list.
    4. Say you plan on raising a round in 6 months or so, and, if they have the time, would love to get their advice on the sorts of growth milestones and KPI’s you should be keeping in mind to have the sort of rocket ship growth to a billion dollar company.
    5. Use the advice and your customer’s feedback to pivot, pivot again, and pivot to find the serious traction needed to identify a possible product-market fit.
    6. With those #'s, find a co-founder using YCombinator or one of the many co-founder tools out there, date around, and then pick one.
    7. Now, six months or more later, you’re ready to start the process of raising. Expect it to take 3-10 months if you haven’t done it before, there’s a lot of specific sales type skills you need to develop to do it successfully.

    Good luck!