2min chapter

In Depth cover image

What this 3-time founding team did differently to find product-market fit faster — Jessica McKellar, CTO of Pilot

In Depth

CHAPTER

The Importance of Fundraising

Fundraising is not the same as revenue. You always want to fundraise when you don't need money, because if you need money, then you have very limited leverage over the terms. In general, it's better to have money than not. If a reasonable firm wants to give you money on good terms, I don't think it's ever failed. It's usually a good idea to take it. Better to have money in the bank and not as proven very true during COVID and now like in his current climate. We do fundraising because you have to do it, but it doesn't occupy as big a percentage of our brands, as you might think.

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