Down rounds carry a stigma, but they're not always the end of a startup’s story.
Charles Hudson of Precursor Ventures shares an example of a company that survived a difficult fundraising process involving a down round and investor-friendly terms. It wasn't easy, but making the hard financing decision ultimately gave the company a chance to keep building.
For founders, the lesson is simple: The best fundraising outcome isn't always the highest valuation — it's the one that keeps your business alive.
Get more of Hudson’s advice in the latest episode of our Build Mode podcast right here: spr.ly/6011BEH271
🌶️ "This is the tip of the iceberg. Apple lacks visibility into what’s been happening behind closed doors at OpenAI, where such misconduct is normalized and exemplified by leadership." 🌶️
Apple's filing, accusing OpenAI of directing misconduct from former Apple employees, pulls few punches. It alleges the theft of documents about unannounced features, technical specs for upcoming technology, and more. spr.ly/6013BE3Syc
Do you fit into one of the trendiest founder archetypes?
Fundraising has always been competitive, but today's market is especially tough for first-time founders. In the latest episode of our Build Mode podcast, Charles Hudson of Precursor Ventures breaks down the most popular founder archetypes right now: repeat founders with proven track records and exceptionally young technical founders.
That leaves experienced, first-time founders facing a higher bar, even when they have a compelling business idea. But there’s still hope! Listen and subscribe here: spr.ly/6019BEHFNN