The Santa Claus Dilemma:
It might just be the key to raising your next round!
What do I mean by that? Let me explain.
There’s an ongoing debate about when Santa delivers his gifts.
🎅 In cultures like the #US and #UK, it’s traditionally the night of December 24th.
🎄 In #Germany, however, Santa comes on the night of December 5th, with children waking up to treats in their boots on December 6th (Nikolaustag).
Same coin, different sides.
Now, what does this have to do with #fundraising?
👉 Everything!
As an ex-VC, let me tell you:
Investors invest in people.
This is the most people-focused industry on Earth.
VCs don’t bet on your #technology or business model. They bet on your team’s ability to execute.
Here’s why this matters:
- Research by Harvard Business School professor Noam Wasserman shows that 65% of startup failures stem from co-founder conflict.
- Building a startup is like being in a marriage—only tougher. You’ll spend more time with your co-founder than with anyone else in your life.
To succeed, you need to:
- Be on the same page.
- Understand and support each other in ways few other professions demand.
If you’re in #fundraising mode and want to evaluate your team dynamics, consider taking ETA Technologies’ assessment. While we usually help investors with management due diligence, it’s just as valuable for founders preparing to raise their next round.
Ho-ho-hope this was helpful! 🎅
I'm in...much appreciated. Thank you.