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SEEKING INSTITUTIONAL FUNDING ISN’T FOR EVERYONE
THE ODDS ARE AGAINST YOU80% FAIL TO CLIMB EVEREST & 90% STARTUPS FAIL
YOUR CONTEXT MATTERSODDS STACKED AGAINST YOU
> on the mountain = your body, > on your startup = your country, team, etc
YOU NEED A MINIMUM AMOUNT OF FUNDING TO JUST GET TO BASECAMP
SHOOT FOR 12-18 MONTHS OF CASH RUNWAY ON YOUR FIRST SEED ROUND
THERE ISN’T JUST ONE SUMMIT PUSH, THERE ARE VARIOUS CAMPS
(BASECAMP = PRE-SEED, ADVANCED BASECAMP = SEED, ETC)
BE KEENLY AWARE OF YOUR MARKET, YOUR COMPETITION, AND THE
FUNDRAISING CYCLES42% STARTUPS FAIL BECAUSE OF A LACK OF MARKET NEED
19% STARTUPS FAIL BECAUSE THEY ARE OUT-COMPETED
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