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More in the 50 Questions Series50 Questions: What are the Key Terms in a Termsheet? (Part 1 of 2) | 50 Questions – What are the different types of instruments VCs use to invest? | 50 questions: If you’re raising money, what questions should you ask the venture capitalist? |
50 questions: How long will it take my company to raise venture capital?
Together with Nic Brisbourne of The Equity Kicker / DFJ Esprit, I am writing a series of 50 questions you should ask when raising venture capital. We expect the series to run for a year, after which we will collate the answers into a book. We view this as a collaboration, so please comment to help make this series even more useful. This is post #10 in the series.
Every entrepreneur I’ve ever spoken to about fundraising wants to know how long it will take.
My answer is usually “at least nine months, probably a year, and you should start long before you need the money.”
On The Equity Kicker, Nic has given his own answer, from the perspective of an investor. If you’re interested in knowing how long it takes to raise money (and why), then you should read his post.
Hungry for more? Go to the 50 questions homepage for more insights into venture capital.