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Y Combinator’s Sobering Message to Startups

From Y Combinator:

For those of you who have started your company within the last 5 years, question what you believe to be the normal fundraising environment. Your fundraising experience was most likely not normal and future fundraises will be much more difficult.

TechCrunch

Click the link above to read the whole thing.

One of the keys to building a successful business is to have a clear vision of what the outside world is up to. Know how good the economy is and drill down as far as possible. You might not think those high gas prices will negatively impact your cool new NFT avatar creation business that you are projecting to be a unicorn in four, maybe five, years but, trust me, they do have an impact.

Another something from Y Combinator worth a look is the video below about how to save your business during an economic downturn.

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Raising Capital: What Every Startup Needs to Know

Presentation by John Bradley Jackson, Titan Angels fund manager and professor and director of Entrepreneurship at Cal State Fullerton, on raising capital.

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Recommended Read for Startup Founders: Use This Proven CEO Productivity Trick for Startup Fundraising

Link: https://jproco.medium.com/use-this-proven-ceo-productivity-trick-for-startup-fundraising-bffa7e936e5d

Key takeaways:

  • Every member of a startup team has at least a handful of things that can be considered “top priority”, so you can’t just focus on one thing solely, such as fundraising
  • But there are some things you can do to help, says Joe Procopio, an entrepreneur with multiple exits under his belt
  • Creating a time frame for accomplishing your goal is important, otherwise it’s just a wish and a prayer
  • You can prioritize by focusing on a top-top priority at the start of every day and dedicating more time to it, as would be the case when you are raising money

Click the link above to read the whole article. It’s some excellent advice for founders to at least consider.