Dear SaaStr: Can a startup without any prior experience raise money from venture capitalists (VCs)?

Of course, but the answer is a bit more complicated than that.

The less proven you are, generally speaking, the further along you need to be to raise from VCs.

  • A founder that sold their last company for $200m? They can probably raise pre-product.
  • One of the best teams out of OpenAI, going out on their own? Ditto

But founders out of nowhere, really, with no track record? You need to prove product-market fit and strong growth, at least relatively speaking in the early days.

A bit more here:

Dear SaaStr: When is a Startup Ready to Raise Venture Capital These Days?


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