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Fundraising Rounds Are Not Milestones | Y Combinator

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When meeting with founders for the first time I sometimes hear, “We’re a Series A company.” Meanwhile, YC alumni I talk to tell me that their angel investors regularly ask them, “When are you going to raise a Series A?”. I’d like to make the point that success isn’t the same as raising a round of financing. Quite the opposite: raising a round should be a byproduct of success. Using fundraising itself as a benchmark is dangerous for the entire community because it encourages a culture of optimiz

Fundraising Rounds Are Not Milestones February 6, 2017 · by Michael Seibel When meeting with founders for the first time I sometimes hear, “We’re a Series A company.” Meanwhile, YC alumni I talk to tell me that their angel investors regularly ask them, “When are you going to raise a Series A?”. I’d like to make the point that success isn’t the same as raising a round of financing. Quite the opposite: raising a round should be a byproduct of success. Using fundraising itself as a benchmark is dangerous for the entire community because it encourages a culture of optimizing for short term showman

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