This hack will 10x your fundraising instincts and confidence
Unlock your hidden fundraising knowledge...
Hereโs a comforting thought for you all: you know more about fundraising than you think.
This might sound strange for me to say given my newsletterโs growth is dependent on founders thinking the opposite, but itโs true. Before I unlock your hidden fundraising abilities โMatrix Styleโ
Letโs talk about the evolution of founder fundraising education:
It used to be brutal
Fundraising knowledge used to be trapped, hidden away, and overall impossible for most founders to access.ย The expertise only existed in the minds of a select few and the only way to transfer it was via 1:1 interactions.ย And could you get to those select few easily? Of course not.
Itโs gotten WAY better
Now, the combination of new platforms / media to share information plus VCs excitement for content marketing has unlocked access to this expertise. Between Twitter, podcasts, YouTube, and blogs, founders can now level up their exposure to and understanding of fundraising concepts without being inside the strange and obfuscated personal networks of VCs.
Here are a few of my favorites:
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But with all this free, amazing fundraising content the problem still hasnโt been solved. Even the most talented founders are struggling to execute fundraises - failing when they shouldnโt, settling for suboptimal outcomes.
Why?
The devilโs in the details
The challenge is that all the brilliantly prescribed playbooks, insightful tweets, inspirational LinkedIn videos, in-depth essays, and other published advice canโt cover every situation a founder runs into.
Fundraising is an unscientific system that can change based on market conditions, psychology, and specific situational details.ย ย
For example, a year ago, I wrote and spoke about the power of stacking SAFEs / notes with increasing caps and limited availability as a strategy almost any founder could leverage.
Today, would I encourage most founders to do that? No. Some might be able to but it really depends.ย
It depends.
Thatโs the operative phrase for most things in fundraising. And because of that, as founders find more fundraising content shared on the internet, many times it can feel like the more they know the less they understand!
Elizabeth Yin said to do X! Butโฆ that doesnโt quite fit this situation
Harry Stebbings mentioned Y in his podcast - โฆ why isnโt it working for me?
Jason Yeh TOLD me that I HAD to schedule 4-6 meetings a day for calendar density - What happens if I only have 3 on one day???
Advisors to the rescue, right???
Advisors who understand the game can be a godsend. Before you become an expert yourself, they can help you deconstruct the details and apply a more nuanced application of the playbooks and advice you read online to fit your situation.
But what if you donโt have advisors with the knowledge?ย And even if you have advisors with the knowledge, what about when theyโre not around?ย โฆ or donโt have a great answer??
Hereโs the hack! โ (continue reading....)
Small asks!
If you thought this was helpful or enjoyable in anyway, Iโd love for you to:
Forwardย this newsletter with others who would enjoy it
Follow me on Twitter where Iโve begun building in public (my course, my podcast, etc)!
โ Planning to raise a round in 3-6 months? Join Fundraise with Confidence:
https://www.fundraisewithconfidence.com/Listenย with a friend toย Funded, my podcast that tells the rollercoaster stories of how founders raised millions (and subscribe๐)
Askย me your fundraising questions so I can help you and cover them in a future issue