Founders should seek investors who regularly invest in startups and respect their time, while also preparing for a longer fundraising process than expected.

Fundraising can be a slow and demoralizing process, especially when trying to convince the first few investors to back your idea.

Building relationships with investors is crucial. It's important to keep talking to potential investors even when you don't need their money, as they will build conviction in your company over time.

Raising money too early can force you into a rush to pivot, which may lead to poor decisions; it's better to wait until your idea is working.

Spend time getting to know your investors before allowing them to invest in your company, as the journey can be long and complex.

If you're considering raising funds, it's best to wait until you have a solid idea and initial signs of promise to avoid pressure on the company.

When seeking funding, I advise entrepreneurs to wait until investors are reaching out with signed term sheets rather than trying to optimize for fundraising outcomes.

In the early stages of fundraising, it's common for the entire team to focus on raising funds, which can slow down company operations, so it's important to balance fundraising with maintaining business growth.

The best time to raise money is when you don't need it; this shows investors that you have a strong opportunity and can attract more interest.