Book Summary of Raise Millions

I recently wrote the ultimate guide to fundraising for first-time founders with Hustle Fund. The book is free to read here. It’s short (~140 pages) but if you just want the key takeaways, I wrote this article for you.

Fundraising 101

• Not every business needs to raise money. It can be advantageous to fundraise if your goal is to eventually get acquired or go public.
• If you’re a pre-seed founder, we recommend working with angel investors. They’re more accessible, will give you money faster, and often roll up their sleeves to help your startup. If you’re in the later stages, VCs can provide you with more money and direction when you’re scaling fast.
• The amount of money you should raise is based on several factors: what industry you’re in, how experienced your team is, and how the market is doing. Typically speaking, we’ve seen founders raise $100K — $1M at the pre-seed stage, $500K — $3M at the seed stage, $1M-$5M at the post-seed stage, and $5M — $10M at the Series A stage.
• Incorporate your company as a Delaware C-Corp and take advantage of many benefits, including saving money on taxes through the Qualified Small Business Stock (QSBS).
• Raising money through post-money SAFEs is often the easiest and most cost-effective way to fundraise for early startups…