Ever traveled on a cruise ship?
Pre-COVID, most journeys started with a shipwide safety drill where passengers assembled, donned life vests and learned what to do in an emergency.
The ocean has an average depth of 2.3 miles, yet these rehearsals were always a calm affair. You’re starting a vacation; what could possibly go wrong?
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Similarly, there’s no reason to be fearful about raising money, but like carefree cruisers at full sail, founders should have healthy respect for a process that’s not under their control.
“Any change is an opportunity to create leverage, and a downturn is no exception,” writes Masha Bucher, founder and general partner of early-stage VC firm, Day One Ventures.
In this TC+ post, she discusses the current economic environment and shares “actionable tips for closing pre-seed to Series B rounds.”
We’re publishing on a diminished schedule over Labor Day weekend, so I’ll be back next Friday with another roundup. Thanks very much for reading!
Editorial Manager, TechCrunch+