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TAM is not the reason + Fundraising Fieldnotes - 6.18.21
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TAM is not the reason + Fundraising Fieldnotes - 6.18.21

They may have said TAM, but it's not the reason they passed...

Jason Yeh
Jun 18, 2021
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Hey - it’s Jason Yeh 🕺🏻

This is my Friday recap of thoughts I’ve had while helping founders solve their fundraising challenges this past week (6.18.21)

If you have any questions, please reply! I try to get to every comment/question I get :)

Sorry, TAM is not the reason they passed…

As much as you might hear it discussed, as many times as it may have been given to you as feedback after a pass, and as much as you should be thinking about it strategically… TAM is never the reason that an investor passes on a company. 

A delicious international snack but not the reason they passed…

This might be confusing given everything you know about investors searching for massive businesses, but look at the facts or rather look at this list of massive companies whose humble beginnings would certainly have seemed like a small TAM on the surface: (continue reading…)

Read the full post

On to the Fieldnotes for 6.18.21…


The unfortunate reality of fundraising 😳

Twitter avatar for @Trace_CohenTrace Cohen pre/seed @Trace_Cohen
Founders fundraising while also running the company…
Image

June 17th 2021

60 Retweets311 Likes

This eats at investors. Harness it when you fundraise.

Twitter avatar for @lpolovetsLeo Polovets @lpolovets
VC is governed by power laws at all levels. At best, an investment returns 1000x. At worst, it loses 1x. Decided to not take a pitch? Best case save an hour, worst case miss out on 1000x. Ghost a founder? Best case save a few min on following up, worst case miss out on 1000x.
Pressure Freddie Mercury GIF

June 18th 2021

60 Retweets398 Likes

Till next week. Stay adamant and be chased.

Jason

Subscribe - you won't regret it!

p.s. Have you seen this meme? Apparently it’s old but it gets me every time.

Small asks!

If you thought this was helpful or enjoyable in anyway, I’d love for you to:

  • Forward this newsletter with others who would enjoy it

  • Follow me on Twitter where I’ve begun building in public (my course, my podcast, etc)!

  • Listen with a friend to Funded, my podcast that tells the rollercoaster stories of how founders raised millions (and subscribe🙏) - SEASON 2 COMING SOON!

  • Ask me your fundraising questions so I can help you and cover them in a future issue

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