Defensive Fundraising Is Anxiety Dressed as Strategy (But Maybe the Anxiety Isn’t Wrong)
Raising lean assumes you can predict what the next round rewards. Lately, that’s gotten very hard to call.
Raising lean assumes you can predict what the next round rewards. Lately, that’s gotten very hard to call.
It works like a venture portfolio. Make enough careful bets, and the odds compound in your favor over time.
Picking well used to be the job. Now, GPs who can’t build an organization are in trouble.
You can’t engineer serendipity, but you can keep showing up for it.
Conviction isn’t the urge to catch up with the room, it’s belief in a founder’s decade-long vision.
So much of VC is the thinking process, not the research.