The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified cover image

371. Are Founders Born or Made?, What it Takes to Raise a Series A in 2023, and Weighing the Balance of Unit Economics vs Growth (Mar Hershenson)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

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How to Raise Series a in a Downturn?

For the top 5 to 10% of companies raising a series A today is as easy as it was in 2021. The bad companies, I would say they're not raising money. If you had to guess how much do you think graduation rates will drop? We reached all time highs, like 70%, 80%, but historically it's been 30-40%. There's more money in the system and it takes a while to get the money out of the system.

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