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.

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

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.

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

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.

The most important aspect of fundraising is to get it done so you can focus on building your company.

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.

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.

If you're raising funds, clearly explain how the money will be used to achieve specific milestones, such as hiring staff or reaching revenue targets.