How Startups Can Prepare for Series A Funding
For most founders, Series A is the first major institutional moment.
For most founders, Series A is the first major institutional moment.
Early stage companies are highly dependent on the people they choose to help move the organization through periods of uncertainty and rapid growth.
There is a moment when every founder recognizes that it’s most likely time to hire someone to direct sales efforts. Revenue is growing and the pipeline is filling while trying to build the product and operate the organization that’s in place. All too often owners who are in this position throw an ad on a site, hire an individual who seems to fit their notion of a fit, and within eighteen months let them go.
Early-stage startups can be exciting due to the need for fast decisions, real ownership, and the chance to shape something from the ground up. But that same speed and ambiguity can also hide problems that only become obvious after you’ve joined the company.