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As it turned out, VCs have invested hundreds of millions in messaging companies that either haven't raised a round for the past couple years, have folded, or don't show evidence of expanding much beyond a niche user base.
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They need to treat investors fairly, or the next time they go to raise a round for their shiny new startup they may find nothing but closed doors.
Anytime we enter a new lane – whether it's launching a new business, returning to work after having a baby, or the emotional toil of raising a round, for some of us, fear shows up.
Traditionally an entrepreneur will set out to raise a round for a specified amount of money, and then you get interested investors on the same page based on an agreed valuation and then you close it.
Aldrich was raising a round of funding for Outright, which had $7.5M in funding but hadn't raised since 2009, while also considering acquisition offers.
The company raised a round about 18 months ago for an undisclosed sum that was only said to be under $5 million.
I'm just one of hundreds of founders who've raised a round but feel free to ask for help.
Think of it this way: Raising an A round for an enterprise-focused company is relatively easy.
Concurrent has raised $4 million in a Series A round for its big data application development platform.
Quip has raised a $10 million round for its dental care business.
Cohen has teamed up with early bitcoin exchange Tradehill's COO Ryan Singer and they've raised a seed round for Chia to ramp up hiring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com