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“Man, you’re living a charmed life right now,” I said to “Ray,” the CEO of a very hot startup I’ve been working with.
“Thirty minutes and he’s (an investor) going to give you $75 million!” I shook my head in disbelief.
“It makes up for the problems I had earlier,” Ray said.
When your startup is hot, you can get funded insanely fast.
“I remember,” I said to Ray. “I remember.”
But that wasn’t the situation Ray was in now. His company was hitting on all cylinders.
The company was landing major customers at a very fast clip. They had a huge technical advantage versus the competition. And now, investors smelled the success.
In fact, Ray wasn’t planning on raising money for another six months. However, investors could see the multi-billion dollar exit coming, and they were seeking him out.
Oh, it’s good to be successful in a hot market.
Rule Number One: You have to persevere to get early stage funding.
Yeah, it’s really easy to get funding if you’re in a huge market, and you’re dominating the market like Ray is. However, as I said, it wasn’t…
