When a VC says “No”, it means they are out. You can’t change their mind. Another Zoom won’t help.
But — read the email carefully.
Sometimes if truly, really was close … then another month or two of solid progress could lead to a “Yes”
In just 60 or 90 days.
— Jason ✨BeKind✨ Lemkin #ДобісаПутіна (@jasonlk) May 3, 2022
So fundraising is going through a tougher stretch. And that means, if nothing else … patience. Seed rounds, A rounds, B rounds, almost all rounds are just going to take longer in many cases. Longer from the first Zoom, longer for more diligence, and just in many cases, more proof points and more time to get to know each other. At least for now, VCs are going to take less risk. Risk still, but less risk. Less valuation risk. Less gross margin risk. Less burn rate risk.
And VCs are already taking less risk on “almosts”. Almosts are the ones that with just a little more traction, another data point,…
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