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MS

Michael Seibel

11/29/18

@ Y Combinator

If you don't deserve money right now, consider alternative paths like cutting burn and striving for break-even, which can create leverage for future funding.

Video

YC

Why Does Your Company Deserve More Money? by Michael Seibel

@ Y Combinator

Why Does Your Company Deserve More Money? by Michael Seibel

11/29/18

Related Takeaways

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Geoff Ralston

10/11/18

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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.

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Michael Seibel

07/08/22

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As a founder, you should earn the right to spend money by first testing low-cost or no-cost solutions before scaling up expenditures.

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Naval Ravikant

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To achieve financial freedom, focus on generating passive income without needing to work actively, and keep your burn rate low.

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Y Combinator Cast

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If you're seeking millions of dollars to reach break-even, venture capital is one of the few mechanisms available to secure that funding in today's economy.

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Justin Kan Cast

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Don't focus on the money you didn't make; instead, work on fixing the inefficiencies in your life that prevent happiness.

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Kofi Ampadu

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Consider other funding options like crowdfunding, revenue-based financing, and small business loans, as each has its own benefits and trade-offs for launching and growing a company.

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Y Combinator Cast

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Raise what you need and nothing more; you will find a way to spend all the money in your bank, so stay lean and focus on getting your fundamentals right.

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Kirsty Nathoo

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

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Kirsty Nathoo

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If you have six months of runway left, you should start thinking about raising money or achieving profitability, as waiting too long can reduce your leverage with investors.