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by ryanmercer
1060 days ago
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But how many startups receive any appreciable amount of VC money? How many are operating on the savings of the founder(s) and/or money from family and friends rounds? How many founders are going into personal debt to fund their startup? And how many of them that do raise funds go crazy on a hiring spree once they get any remotely reasonable funding, while not having a functional product or a remotely sustainable user base? According to Crunchbase only 1 in 3 startups even make it to Series A (between 2011 and 2018, the % was fairly consistent each year) https://news.crunchbase.com/liquidity/seed-funding-series-a-.... Looking at "funding data from around 15,600 U.S.-based technology companies founded between 2003 and 2013" TechCrunch comes to the conclusion that only about 40% that close a Pre-Series A round make it to a Series A. https://techcrunch.com/2017/05/17/heres-how-likely-your-star... |
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