A typical trajectory might be (1) to get started with a few tens of thousands from something like Y Combinator or individual angels, then (2) raise a few hundred thousand to a few million to build the company, and then (3) once the company is clearly succeeding, raise one or more later rounds to accelerate growth. Forces Fundraising is hard in both senses: hard like lifting a heavy weight, and hard like solving a puzzle.
And at Y Combinator we get an increasing number of companies that have already raised amounts in the hundreds of thousands.
It aims to defeat the ballot measure by portraying it through mailers and door-to-door canvassing as “a foolish mandate” that would drive up building costs, making the Denver market more expensive.
The initiative is spearheaded by a group of environmental activists that includes Denver resident Brandon Rietheimer.They argue that the requirement for green roof components would help reduce the urban “heat island” effect.It's hard like lifting a weight because it's intrinsically hard to convince people to part with large sums of money. But much of the other kind of difficulty can be eliminated.Fundraising only seems a puzzle because it's an alien world to most founders, and I hope to fix that by supplying a map through it.On the ballot, they are Referred Questions 2A through 2G.
The Our Denver committee, which hasn’t attracted an opposition campaign, raised 0,921.72 in September, bringing its fundraising total to nearly .2 million.
Don't raise money unless you want it and it wants you. Most companies in a position to grow rapidly find that (a) taking outside money helps them grow faster, and (b) their growth potential makes it easy to attract such money.
Such a high proportion of successful startups raise money that it might seem fundraising is one of the defining qualities of a startup. It's so common for both (a) and (b) to be true of a successful startup that practically all do raise outside money.
The campaign is already spending money quickly by buying Facebook and other social media ads, sending direct mail appeals and producing a television spot featuring Mayor Michael Hancock.
September 2013Most startups that raise money do it more than once. But the three phase path is at least the one about which individual startups' paths oscillate. That's the type the startups we fund are doing on Demo Day, and this essay is the advice we give them.
At YC we're always warning founders about this danger, and investors are probably more circumspect with YC startups than with other companies they talk to, and even so we witness a constant series of explosions as these two volatile components combine.