The era of raising VC on an idea is over. But too many founders are stuck in the past. They want the title of "Founder." The glory of raising a big round... But they're not willing to grind it out and build a real business. Here's the truth: You need strong customer validation and real traction to raise money. Investors want PROOF, not promises. So if you're an aspiring founder: Fall in love with the problem you're solving, not the status you're chasing. - Work your ass off. - Do things that don't scale. - Be willing to build in obscurity. Trust that the accolades will follow the results.
Agreed. I would say this has been the case for 3-4 years now. VCs are acting more like PEs but there is a simple driver for that behaviour change which is readily available liquidity. In some ways, with equity valuations so high, start-up investing is even more alluring than it was. Get the idea and the concept right and the money will follow.
Startup life isn’t just glitz and glam. It’s the tough, gritty work that gets you somewhere.
It's no longer about who you know or how cool your idea sounds. It's about proving that your stuff works and people actually want it.
That part about building in obscurity is real. Not everyone’s ready for that kind of commitment.
Definitely a trend rewarding committed founders and fostering a healthier startup ecosystem.
Now all we need is VCs with the actual money to participate in post traction rounds and we're laughing!
Ture, investors wanna see the receipts now, not just the pitch.
Love the grind ❤️
Can I get a #7, plain, with a coke. Is the McFlurry machine working? Yeah, I’ll take a Reese’s.
8moJust going to call bullshit. I have yet to work at a funded startup that made a single dime of profit. They all raised millions and have not made a single cent. Investors want a story to sell. Numbers make stories messy and real; pre-revenue is sexy to raise again. I don't know where all these real startups are hiding or where the real founders are, but from my seat, they've all been fake. All fake, from the largest to the smallest, under the hood. One raised a $10M+ round, hired a fancy CTO and a 50-man team, and hyped up a vapor product to raise more. That worked, and they raised 10s more—not a product in sight. Another raised $5M preseed nothing in the market and to this day hasn't made a penny and yet continues to raise follow-on rounds. One raised $1.5M this year, all smoke. Over bloated team, the CTO couldn't build the product, and they hired three more, not a dime. The best one just raised $2.7M for a QR code to "access" the internet. I can't even. You're either in the club, or you aren't. I promise you that goalpost will change every time you speak to them. "Too early" "Not enough traction" "That's good, but let's see 20% MoM" "Come back when you're triple-triple double"