A number of entrepreneurs I have met with lately seem to have unrealistic expectations about how long it takes to raise a seed round of funding. Everyone has a friend of a friend who raised their first round "in a week or two". The reality is that with the exception of a few hot company outliers, each round of funding should take 2-3 months from start to close. So what takes up all this time?
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Fundraising Will Take You ~3 Months
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A number of entrepreneurs I have met with lately seem to have unrealistic expectations about how long it takes to raise a seed round of funding. Everyone has a friend of a friend who raised their first round "in a week or two". The reality is that with the exception of a few hot company outliers, each round of funding should take 2-3 months from start to close. So what takes up all this time?