Topic · 6 threads

Raise Readiness

Are you actually ready to raise? These threads answer that question with firsthand evidence: what investors need to see before they lean in, the mistakes first-time founders make by raising too early or too long, and how to set up the metrics story your next round will be judged on.

Mixpanel Was a Week From Death: Suhail's Fundraising Story

Suhail Doshi recounts Mixpanel's 2009 raise: $15K from YC, half the batch dying after demo day, 11 firms saying no, two firms wanting to replace him as CEO, and a VC telling him point blank he'd fail, before closing $500K at a $2M pre a week before running out of money. He extracts what actually drove the eventual yes: team and whether the idea is personally interesting to the investor.

Objections & RejectionFundraising PsychologySeed Read the breakdown

200+ Nos and 12 Wasted Months: Udemy's Seed Mistakes

Gagan Biyani walks through every mistake three first-time founders made raising Udemy's seed: 200+ rejections and 12 months of wasted fundraising before barely pulling through. Each mistake is framed as a lesson for new founders.

Objections & RejectionFundraising StrategySeed Read the breakdown

Fundraising for First-Time Founders: A First-Principles Guide ($70M Raised from 1,500 Investors)

A first-principles walkthrough of how early fundraising actually works, synthesized from Biyani's experience raising roughly $70M from about 1,500 investors across three companies. Covers how to think about investor incentives, sequencing, and running a process.

Fundraising StrategyRaise ReadinessPre-Seed Read the breakdown

What Investors Will Ask You, and Why: Decoding the Fundraising Process

A former founder turned pre-seed VC (20,000+ pitches reviewed) explains the questions investors actually ask, and the underlying reason behind each one, so founders are never blindsided in meetings.

Investor MeetingsRaise ReadinessPre-Seed Read the breakdown

The Biggest Hurdle After Your Seed Raise

A short thread on what actually gets hard after the seed closes: shifting from founder heroics to team-building, and setting up the metrics trajectory the Series A will be judged on.

Raise ReadinessFundraising StrategySeed Read the breakdown

Default Alive in the Downturn: Surviving the 2022 Reset

Written at the start of the 2022 correction, the Skillshare founder predicts an unprecedented wave of shutdowns, layoffs, and down rounds over the following 18 months and lays out how founders should get to default alive before the fundraising window closes.

Failed RaisesFundraising StrategyAny StageArchived Read the breakdown