AI, Robotics & the Future of Manufacturing
The Ben & Marc Show
Strive to Pass the Venture Series A Test
Entrepreneurs should not underestimate the difficulty of passing the series A fundraising round as it sets the bar for all future challenges. While securing funding from venture capitalists may seem easy, other aspects such as recruiting, sales, partnerships, government relations, and marketing are much harder. VCs exist to provide funding, and their job is to be persuaded, unlike other stakeholders who have various options. Passing the series A test indicates a solid plan not just for funding but for overall success throughout the company's lifespan. Smart founders recognize this and ensure their plan meets the necessary standards to appeal to all stakeholders, recognizing that VCs are just one part of the equation.
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