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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.

Video

YC

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

@ Y Combinator

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

05/02/17

Related Takeaways

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.

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.

ND

Nicolas Dessaigne

11/27/24

@ Y Combinator

Many founders make the mistake of waiting for the perfect idea; it's better to start with what you have and iterate based on feedback rather than delaying your launch.

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.

MS

Michael Seibel

11/30/21

@ Y Combinator

Fear-based decision-making can lead founders to fundraise before their product is ready, especially if they believe their product is bad and fear failure.

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.

YC

Y Combinator Cast

10/29/22

@ Y Combinator

The venture capital industry often promotes the idea that founders need to raise money immediately, which can lead to poor decision-making and unfavorable terms for founders.

YC

Y Combinator Cast

03/01/24

@ Y Combinator

Fear can lead founders to make irrational decisions, such as pivoting too quickly without proper validation of their ideas.