When to Raise a Series A

“Founders often want clean and concrete answers as to when they’re ready to raise. This is why the idea that VCs filter exclusively on metrics is attractive.
For instance: Saas companies are ready for an A when they cross $1m in ARR. This sounds good, but we’ve seen As happen for Saas companies with ARR between $200k and $9m with plenty of companies failing all along that range. Clearly VCs don’t care that much about this rule.”

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