Having done the same rounds on Sand Hill plus many up and down the business district of NYC and in Tysons Corner in DC, I will say that was still a flowery writeup - with a happy ending of a sizeable seed.
I've come to the conclusion that 99% of startups raise money way too early - hence why it's such a terrible experience for most.
Companies that are doing great business, don't need to pitch, and don't "go fundraising." Those companies seem to be actively sought out by money, and refuse checks more than they take them.
That's probably 1/100 companies and the ones that should actually raise money.
I've come to the conclusion that 99% of startups raise money way too early - hence why it's such a terrible experience for most.
Companies that are doing great business, don't need to pitch, and don't "go fundraising." Those companies seem to be actively sought out by money, and refuse checks more than they take them.
That's probably 1/100 companies and the ones that should actually raise money.
It's all about leverage.