The current situation is extremely difficult for anyone, even the experienced ones. Many VCs are bedding down and supporting their current portfolios.

I won’t say it is impossible.

I will ask:

• do you absolutely require the money right now?

• can you do anything to validate the market?

• can you delay raising till the market comes back?

• can you work on the project without funds?

• can you take the idea to an incumbent who could sponsor it as a side project/ joint venture?

OP was asking for people who have been successful multiple times (not those who did it without), how important was money and connections.

I started a bank in Australia, Avenue Bank. I am so grateful for all our amazing investors, staff and those who have helped us and put us in contact with the correct people. Never underestimate how important investors and contacts are.