One word of warning - It would be nice if most startups became happy "CEO-on-Forbes" unicorns at round C, but not all do. I've seen a startup take a handfull of millions into Round F.
Which is of course, rather much the flunk round. And a lot of very health companies continuing to raise many small series rounds.
I think most people know this - but don't equate funding stage or amount of money raised with startup success. A better gauge would be paying customers and while you can't often get a feel for burn rate, find out as much as you can.
All being said, I've had some good educational times on slowly sinking ships too.
Sometimes the product is a little bit ahead of it's time.
Comments
Generally, fairly accurate.
One word of warning - It would be nice if most startups became happy "CEO-on-Forbes" unicorns at round C, but not all do. I've seen a startup take a handfull of millions into Round F.
Which is of course, rather much the flunk round. And a lot of very health companies continuing to raise many small series rounds.
I think most people know this - but don't equate funding stage or amount of money raised with startup success. A better gauge would be paying customers and while you can't often get a feel for burn rate, find out as much as you can.
All being said, I've had some good educational times on slowly sinking ships too.
Sometimes the product is a little bit ahead of it's time.