[HN Gopher] Asymmetries in Fundraising
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       Asymmetries in Fundraising
        
       Author : akharris
       Score  : 23 points
       Date   : 2021-06-15 14:28 UTC (1 days ago)
        
 (HTM) web link (blog.aaronkharris.com)
 (TXT) w3m dump (blog.aaronkharris.com)
        
       | jfim wrote:
       | Out of curiosity, how would the asymmetry be resolved? If
       | founders have less fundraising experience, is there such a thing
       | as founder school where they can rehearse pitches or do mock
       | fundraising to be ready when the stakes are higher?
        
         | sokoloff wrote:
         | Maybe someone should start an early-stage investment group that
         | aims to teach founders these ropes. It would be a startup that
         | recursively creates startups.
         | 
         | In computer science terms, you might think of it like a Y
         | Combinator.
        
         | akharris wrote:
         | This is why I spent so much time working on the series a
         | program before I left yc. many of these tactics/strategies can
         | be taught or partially outsourced to the right advisor.
        
         | breck wrote:
         | I resolved the asymmetry by becoming an angel investor myself,
         | and participating in dozens of deals. When I got to Silicon
         | Valley in 2008 without any capital that was not possible. It
         | took many years before I could afford sending my first $10K
         | wire.
         | 
         | However, if you are just getting going today, things may be
         | different. When I started there was no WeFunder, Republic, or
         | AngelList syndicates. Now, you could plunk $100 into 10
         | startups on WeFunder, or $1K into 10 syndicates on Angel List,
         | and start to build your own internal dataset on what the
         | investing game is like. That might hone your skills faster for
         | when you are trying to raise capital. Not sure if that would
         | work, but if I was just starting today, that's what I would do.
         | 
         | edit: just realizing your question may have been tongue in
         | cheek ;)
        
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       (page generated 2021-06-16 23:00 UTC)