I’ve noticed that many founders – and most first-time founders – don’t think systematically about leverage.
Look, I've watched countless founders treat fundraising like it's some weekend project they can knock out between coding sessions.
That's where they mess up.
Here's the truth: Fundraising isn't a sprint – it's a marathon that never really ends.
I'll be real with you.
Most people think fundraising looks like this:
But that's not how this game works.
Here's what actually happens behind the scenes:
You're not just raising money.
You're building relationships.
You're creating momentum.
You're telling a story that gets better with each telling.
Let me break this down into phases I've seen work:
I lost count of how many "no's" I got before my first "yes."
But here's the thing:
Those "no's" made my pitch better.
Each rejection taught me something new.
Truth bomb:
Even after you close a round, you're still fundraising.
Because the next round starts the day after you cash that check.
Here's how to turn fundraising into an ongoing process:
Stop thinking: "I need to raise money"
Start thinking: "I'm building an investment-worthy company"
Q: How long should my fundraising process take?A: Plan for 6-9 months from first conversation to money in the bank.
Q: Should I talk to investors when I'm not raising?A: Absolutely. The best time to build relationships is when you don't need money.
Q: How many investors should I talk to?A: Expect to reach out to 100+ to close 1-2 lead investors.
Q: When should I start the process?A: At least 18 months before you need the money.
Fundraising isn't something you do once and forget about.
It's a continuous process of building relationships, improving your business, and creating opportunities.
Remember: The best deals come to those who've been playing the long game.
Because at the end of the day, fundraising is a process, not a project.