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Why do you need this specific amount of funding?What will you do with this funding? People, systems, processesWhat milestones will that enable you to achieve?
Startup Secrets Sandbox
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Fundraising Needs & Milestones
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 .
And on the bigger picture, sometimes very personal side of fundraising consider reading this Startup Secrets article
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