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Jason ✨👾SaaStr.Ai✨ Lemkin
@jasonlk
GET funded ➡ $200m Seed/Early A AI+B2B The Agentic Life
Joined April 2007
2.4K Following    256.2K Followers
90% of VCs won’t invest in you if they don’t think can get to $100M in 4-ish years or less It just is what it is But 10% still will One bit of advice for that 10%: price the round, and the size, very reasonably, without games or drama
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The fundraising market right now feels as polarised as I've seen it in a long time. It's becoming a story of extremes - either traction or vision. Arguably, this is what venture has always been for. The difference now is how fast the bar for each is rising. Every week brings new "fastest to $100m ARR" or another announcement of a collection of incredbily credentialed individuals raising a first round at a Bn+ valuation. We are living through a technology revolution that is opening the doors to both potential extreme scenarios. And as such, VC is crowding into these narratives. However, history of startups tells us that raising the largest round or having the swiftest fundraise often does not exclusively correlate with the ultimate most successful companies. There are going to be incredible founders building generational companies that do not satisfy this dynamic or the current venture zeitgeist. Such founders who can successfuly navigate this period of time may be the ones who benefit the most by building enduring companies.
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