Updated: Mar 22
Raising funds ---> The more the better?
It's NOT a competition! You don’t raise funds to show off or to compete with other startups to see who can raise more monies. It’s about raising an amount that fits your startup's growth plan and management capabilities. (Excessive cash on hand may lure you to take actions prematurely)
Fundraising is a continuous process instead of an one-off event. It actually makes more sense to raise an amount (with a safety buffer) to achieve the desired milestones first, and then revisit the valuation (the true worth of your startup at that stage) before launching another around of fundraising. This actually allows you to (1) Enjoy frequent upward revaluation of your startup and (2) avoid excessive dilution by one or few low valuations.
Interested in exchanging more ideas with us? Please join our Fundraising 101 workshop on 28 April, Wednesday, 11:00 (UTC+8).
Sign up: https://bit.ly/3tbrHIy
LinkedIn post: https://bit.ly/3z4YhOl