VC Minute – quick advice to help startup founders fundraise better.
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This is Rich Maloy with SpringTime Ventures, bringing you the VC Minute, quick advice to help startup founders fundraise better.
Thank you, everybody for your patience as it took me some time to kick off season two of the VC Minute. I’m grateful that you stuck with me and it’s wonderful to be back on the mic sharing with you thoughts, insights, and analysis to help you fundraise better.
I have some great excuses about what took me so long but I’ll spare you the details. Let’s just talk about what’s coming for this season. We have more perspectives coming from different guests. We’re going to have a great pitch coach, a startup lawyer, some of the best fundraisers that I know in the seed community, and of course you get my take and my analysis on the market.
Let’s start with where we are right now in the fundraising environment. If you’ve been trying to fundraise and are wondering why in the hell some companies are announcing five, seven, even $9 million seed fundraises, but you can’t seem to rub two nickels together. I hear you. And unfortunately, you’re not alone.
I was expecting the seed market to bifurcate. I have a Q3 market analysis report that I highly recommend you go and download. I’ll put the link in the show notes. You can also find it on springtimeventures.com. I was expecting the market to bifurcate a bit. I was calling it the HOT or NOT seed funding round. But I’ll admit this is a greater divergence than even I was expecting.
Where we are right now is the seed phase has lengthened, venture funds are deploying at a significantly slower pace. And it seems every fund is trying to cram into just a few hot rounds while ignoring the rest of the market. It’s hard to see so many startups that are struggling to raise.
How do you turn your pool party in one of the hot ones? Well, we’ll get back to that in a few episodes.
Where I want to start this season is with something that I needed to revisit over the past few months, and maybe you did too: founder mental health.
So, thanks for sticking with me. Thank you for your patience. And I’m looking forward to hearing your feedback on season two of the VC Minute, quick advice to help startup founders fundraise better.
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