Startup Secrets Sandbox

Startup Secrets Sandbox

Frameworks

Fundraising Needs & Milestones

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At Underscore, we typically finance about 18 months at a time because we’ve learned that’s long enough to allow the team to get focused on things like building and validating a product.

Determine how much you need to raise and test the assumptions you have about when you’ll need to raise money. This analysis requires figuring out what milestones you need to achieve in order to justify a higher valuation at each round of funding. See the

full framework on financial planning and forecasting⁠

.

Why do you need this specific amount of funding?

What will you do with this funding? People, systems, processes

What milestones will that enable you to achieve?

And on the bigger picture, sometimes very personal side of fundraising consider reading this Startup Secrets article

Funding Market Fit⁠

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