Series A startups compete against all fundraising companies, not just sector peers
Andy McLoughlin · 20VC: Andy McLoughlin on The Benefits of Backing Unsexy Businesses with Non-Obvious Founders, How To Distinguish Between A Good Bridge Round and A Bridge To Nowhere & Whether VCs Really Do Add Value? · May 8, 2018 · at 19:28
Andy McLoughlin, Partner at Uncork Capital, explains the competitive dynamics that seed-stage startups face when attempting to raise a Series A round.
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“And, you know, given that there is such a glut of seed money out there and so many companies being seed funded, yet this, you know, the number of Series A deals is effectively the same, if not lower year on year. What that means is, and I, this is the exact word I say to the founders, is that you are not going out against every other company in your space who are fundraising for the Series A, you're going out against every other company who are fundraising full stop.”
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