Aug '24 โข General discussion
Startup failures up 60% YoY
Venture was frothy in 2021 and even in 2022, and lots of bets were made.
Two quick takes:
- Raise only what you need and keep raising only if you need to. (I.e. don't ask for so much money that you can't "grow into" what you create.)
- Earn revenue as quickly as possible, and be profitable if possible, but EARN REVENUE. At the very least, investors will see product-market fit. If profitability is slow, an investor can help you tweak the expense side, but they're expecting you to be adopted by your customers and retained.
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Startup failures up 60% YoY
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Documenting my journey as a founder of a B2B SaaS fintech solution and getting venture backed.
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