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GR

Geoff Ralston

10/11/18

@ Y Combinator

When raising money, assume it might be the last time you'll be able to do so; raise enough to reach profitability without needing more funds soon.

Video

YC

Fundraising Fundamentals By Geoff Ralston

@ Y Combinator

Fundraising Fundamentals By Geoff Ralston

10/11/18

Related Takeaways

KN

Kirsty Nathoo

08/22/19

@ Y Combinator

You should always assume that you will never raise more money and aim to achieve profitability with the funds you currently have.

SF

Shana Fisher

06/20/14

@ Y Combinator

When raising money, it's crucial to focus on making whatever you raise last, rather than just aiming for a specific runway duration.

RH

Reid Hoffman

10/15/14

@ Y Combinator

It's crucial to raise more money than you think you need to reach a significant milestone, as raising too much can lead to inefficiency and a lack of sharpness in operations.

GR

Geoff Ralston

10/11/18

@ Y Combinator

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.

SA

Sam Altman

05/02/17

@ Y Combinator

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.

EG

Elad Gil

10/18/18

@ Y Combinator

Raising funds can take time, and it's essential to build relationships with potential investors rather than rushing the process.

SA

Sam Altman

05/02/17

@ Y Combinator

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.

KN

Kirsty Nathoo

08/22/19

@ Y Combinator

As your company grows, raising money becomes more challenging, especially if you wait too long and your runway gets too low.

TB

Tikhon Bernstam

09/09/17

@ Y Combinator

As a repeat founder, I believe it's crucial to avoid raising money too early; focus on achieving strong product-market fit before seeking investment.