It’s never easy to raise money. People who say, “It’s easy to raise money,” usually neglect to mention the second half of the sentence, which is “if you are in a hot space, know the right people socially, and fit the Silicon Valley central casting notion of an entrepreneur (20something white or Asian male with an engineering degree from a prestigious university).”
When speakers tell audiences, “It’s easy to raise money,” all I seem to hear in my mind is, “Let them eat cake.”
Let’s stop the BS. Raising money is hard work. Not everyone gets funded, even in good times. And even if you raise angel money, your chances of a successful exit are dismal.
What makes entrepreneurs “real entrepreneurs” as opposed to wannabes is that they hear all that, understand the truth of my words, and start their companies anyways.