Hey, I'm Dan! I invest in startups at Madrona and write the DL, a weekly newsletter about tech in the Pacific Northwest

Featured Posts

Find Stuff

Built with Webflow

How to raise money, according to the pros

Last week, YC published their guide to raising a Series A - great, practical advice combined with data from their companies. Some of the highlights:

  • It typically takes 30 meetings to find one potential investor
  • Most successful funding rounds are the result of building relationships with a select set of investors over a longer period of time
  • You should write your own investment memo to clearly articulate your story and pitch
  • When negotiating and choosing an investor, remember this fundraising process is the start of a long-term relationship
  • Benchmarks don’t matter, but here are Series A benchmarks anyway: B2B SaaS: $0.5-5M ARR, Marketplace: $5-60M+ GMV, Consumer: $3.5-10M run rate


Liked this article? Sign up for the DL, my weekly newsletter 📬

Thank you! You'll receive your first issue of the DL on Monday!
If you want to check out older issues - click here for the archives.
Oops! Something went wrong while submitting the form.