[b20000]

welcome to how 80% of startups roll

most people capable of raising money have connections… buddies and social capital

i never raised money for my company. meanwhile a well known VC funded a competitor because of connections or because they like the founder’s “energy”. after a few years the company went bankrupt. the guy went on to raise money again. we had far superior technology far beyond what they were able to develop. it would have been cheaper to acquire us.

TL;DR most peole who succesfully raise do so because of different reasons than having a product or revenue.