Fundraising by @ttunguz

Fundraising

2024

The Market Size Mistake	April 17
The Sudden Repricing of Startups in Early 2024	February 9

2023

Step-Ups & Duration : The Shape of Things to Come to the Series A in 2024	December 14
Seizing the Moment: Strategies for Startups to Outmaneuver Competition in a Turning Economy	August 17
Surprising Data Points about the Venture Capital Market	August 8
Busting the Myth: Higher Funding Doesn't Mean Faster Hiring in Startups	August 3
There is No Such Thing as Series A Metrics	July 9
Does an AI Premium Exist in the Fundraising Market?	June 15
How Much will the US Early Stage Venture Market Contract in 2023?	April 17
The Hardest Round to Raise in 2023	March 24
Venture Capital, Withering & Dying	February 10
Predicting Cloud Growth Rates for 2023	February 3
Microsoft as a Mirror - What We Can Expect for SaaS in 2023	January 24

2022

From a $200k Annual Burn to Raising $80m+ : Notes from Office Hours with Fredrik Haga	December 23
A Funny Thing Happened on the Way to Sand Hill Road	December 14
The Best Time of Year to Raise for Your Startup	November 21
Grey Skies in Cloud Earnings	October 28
How Low Could Valuations Go?	October 13
Just How Troubled is the Bay Area Startup Scene?	October 3
Figma's 50x ARR Multiple & What it Means for Startup Fundraising	September 15
Growth is No Longer the Best Predictor of a Software Company's Value	August 10
The Math Behind Starting a Successful Software Startup	August 2
How Much Should You Expect Your Startup to Slow in 2022? About 21%.	July 29
The Health of Cloud Spending in Mid-2022	July 26
PE in VC in 22	July 19
The Bid/Ask Spread in Venture Capital	July 18
How VCs Value Rainbow Foals in 2022	June 21
The Most Popular Financing Round in 2022	June 17
Top 10 Insights from the 2022 Startup Sentiment Survey	June 6
The Macroeconomic Signal to Watch for Software & Infrastructure Startups	June 1
The 4 Startup States During a Recession	May 16
5 Key Data Points about the Early Venture Market in Q1 2022	May 4
Product-Market Fit in Different Capital Environments	May 3
The Three Eras of Startup Valuations	April 28
Startup Self-Repricing as a Recruiting Tool	March 25
Why Early Valuations Might Surge in 2022	February 23
Will Your Startup Borrow More in 2022?	February 14
How Will the 52% Correction in the Stock Market Impact the Startup Fundraising Market?	January 19

2021

Mark-to-Market Rounds - What Will Your Startup's Strategy Be?	December 28
The Fifth SaaS Correction	December 13
The 100x ARR Multiple	November 4
The Two Cap Tables of Crypto Companies: What They Are and How They Relate to Each Other	October 11
Passive Investing in Venture Capital and the Parallels to Public Equities	October 8
How Will We Value a Crypto Token?	September 6
The Velocity of Money in Startupland	July 30
The Figures that Will Move the Venture Capital Market in the Next 3-5 Years	June 6
The Inflationary Forces in Startupland	May 24
This is the Most Ridiculous Use of Money Management I've Ever Heard. What is Wrong with You?	March 7
The Fastest Growing Sectors of Startup Fundraising in 2020	January 18

2020

The Supercharger Boosting Startupland Fundraising and Exits	November 20
Why IPOs, Direct Listings, and SPACs Will Flourish in Startupland	October 19
Conflicting Data on the State of the US Early Stage Market	August 10
Inside Rounds Have Become a Sign of Strength at the Series B	August 2
The Fundraising Market Two Quarters into COVID	July 5
The Fundraising Market Has Changed, But Not in the Way I Thought	May 6
What Could the Venture Market Look Like in the Coronavirus Era	March 12

2019

The Radically Different Early Stage Fundraising Market	October 7
Where Have All the Angels Gone?	March 11
Series A SaaS Startup Benchmarks for 2018	January 4

2018

Access is the Scarcest Commodity in Startupland	September 3
Jacob's Ladder in the Startup Fundraising Market - How Startups Today Skip a Round of Fundraising	July 23
A Deeper Dive into the Dynamics of the Seed Market	June 27
Why Series As are Much Easier to Raise in 2018 than the Past 5 Years	June 24
The 5 Forces Driving Startup Valuations Today	June 3
The Effect of Flush Private Markets on Software IPOs	April 30
The Disappearance of the Fundraising Demo	April 14
Where are We in the SaaS Valuation Cycle?	March 18
Is Geographic Dispersion of Seed Dollars Really Happening?	March 8

2017

Premoney vs Postmoney - Which is a Better Technique for Negotiating?	December 10
Just How Disruptive Are ICOs to the Classic VC Model?	November 5
The Rising Stakes in SaaS	October 22
The Volatility of Multiples in the Public SaaS Market	August 21
When, If Ever, Should Profitable Bootstrapped Startups Raise Capital?	August 13
The Quickest Way to Estimate How Much Your Startup Needs to Raise	July 20
The Decline of Investment in San Francisco Startups	July 16
SaaS Fundraising in 2017	June 12
The Challenges of Raising Your Series B	May 14
A Spike of Venture Debt in Startups	April 30
The Narrowing of SaaS Valuations	March 1
How Much Money Should I Raise for My Startup?	January 29
The Software Startup Sectors Raising the Most Capital in 2017	January 27
Which Round Will Be the Hardest to Raise in 2017?	January 5

2016

Just How Global is the SaaS Startup Phenomenon?	December 18
How to Build Auction Pressure in Acquisitions and Financings	November 9
Trends in Early Stage SaaS Fundraising Market of 2016	November 7
Are SMB SaaS Companies Valued Differently than Mid-Market SaaS Businesses?	September 21
How Much is Your SaaS Startup Worth?	August 31
Median Startup Valuations and Down Rounds in 2016	August 8
Flux in the Fundraising Market	July 19
Dream Teams: The Characteristics of Billion-Dollar Startup Founders	July 14
Five Charts on the State of the Early Stage SaaS Market in 2016	April 26
Party Rounds in Seeds - Just Getting Started or Has the Clock Struck Midnight?	April 18
The Optimal Seed Round Strategy - Timing and Size	April 7
Inflation and Deflation in the Startup Fundraising Market	April 4
Q1 2016 Startup Investment Trends	April 1
A Technology Innovation Leading to a Go-To-Market Advantage	March 11
What's Really Happening in the US Venture Fundraising Market in Early 2016	March 7
Benchmarking Exceptional Series A SaaS Companies	February 25
The Impact of a Changing Venture Environment on Startup Fundraising Terms	February 22
SaaS Office Hours in New York - A Q&A on the State of the SaaS Market	February 18
Venture Debt for SaaS Startups	February 15
The Nature of Leverage in Fundraising Conversations Has Changed	February 5
3 Questions for Startups to Answer for Themselves in a Volatile Fundraising Environment	January 21
The State of the Startup Fundraising Market in 2016	January 11

2015

What 10x More Seed Capital Means for Founders	September 27
Why Skillful Fundraising is a Huge Competitive Advantage	August 30
The Impact of the Stock Market on SaaS Valuations in 2015	August 24
The Implications of Raising a High-Priced Round	August 9
Why Startups Are Growing Faster Today than Ever Before	August 7
Why Consumer Startups Dominate the Megaround Market	July 26
How Similar is the Fundraising Environment Today to 2000?	July 16
The Fastest Growing Areas of Startup Investment in 2015	July 14
Startup Investment Trends in 2015	July 9
Five Charts on the Second Seed Market	July 6
The Impact of Interest Rates on Startup Fundraising	June 22
The Decreasing Follow On Financing Success of Startups	May 11
The Gamble of the Private IPO	April 10
The Runaway Train of Late Stage Fundraising	April 1
The Forces in Tension in the SaaS Fundraising Market	March 18
Why Your Startup's Churn Rate Affects Your Company's Ability to Plan Its Future	March 16
The State of the SaaS Fundraising Market	March 13
The Sudden Growth in Series A Round Sizes	March 6
The Compression in SaaS Valuations	January 23
The Fundraising Patterns of Unicorn SaaS Companies	January 22

2014

Why the Time to $1B in Valuation for Startups is Decreasing	December 16
When Will the Tech Bull Market End?	December 5
Why It's a Great Time to Raise a Seed Round	November 6
The Meteoric Acceleration in Series A Valuations	November 3
The Impact of Investor Geography on Your Seed, Series A and B Check Size	October 26
The Key Financing Attributes of Startups in the Billion Dollar Club	October 10
The Unexpected and Uneven Evolution of the Startup Fundraising Market	October 8
Second Seed Rounds: How They Impact a Startup's Ability to Raise a Series A	October 6
How Much Cash Should Your Startup Burn?	September 29
The Three Frameworks You Need to Create Powerful Presentations and Tell Compelling Stories	September 24
The Three Most Important Trends in the Seed Fund Raising Market	August 18
The Secret Ingredient to the Best Startup Fundraising Pitches	August 1
The Coming Wave of Venture Capital and What It Means for Your Startup	July 23
The Importance of Hometown Investors for Startups	July 1
The Five Forces Shaping the Fundraising Market	June 25
The Hottest Startup Sectors	June 24
The Optimal Seed Round Construction to Maximize Series A Success	June 12
The Impact of VCs in Seed Rounds in Seven Charts	June 9
How the Fund Raising Market Will Evolve in 2014	May 19
The Worst Time of Year to Raise A Seed Round	May 9
The Current State of the Consumer Internet Market	May 6
What's Happening to the SaaS Market?	May 1
Do Startups Require Less Capital to Succeed than 10 Years Ago?	April 4
The Financing Trends of Billion Dollar SaaS Companies	April 3
The Hardest Round to Raise for Startups	March 21
Are VC Mega-Rounds the New Normal?	March 19
How Fast Must a SaaS Startup Grow to Raise a Series A?	March 17
How Quickly Does a SaaS Startup Have to Grow to Go Public?	March 13
Why There's Never Been a Better Time to Found a SaaS Startup	March 11
Do More Competitors in a Sector Decrease Fundraising Success?	March 3
The Four Key Steps in Startup Fund Raising Processes	February 28
The Impact of a Startup's Location on Its Ability to Raise Capital	February 18
Why Startups Face Increasing Competition in Raising Series As and Bs	February 12
How Your Startup's Sector Affects Your Ability to Raise a Series A	February 9
Using Data to Pick the Optimal Name for Your Startup	February 7
The Minimum Size Seed Round to Maximize Series A Follow On Investment	February 6
Do Larger Seed Rounds Lead to Bigger Series As?	February 4
The Maximum Viable Churn Rate for a Startup	January 29
The Best Times of Year to Raise Capital for Your Startup	January 28

2013

The 10 Most Important Metrics in a Startup's Financial Statements	December 16
Why the Petal Diagram Isn't the Best Competition Diagram for Startup's Pitch	November 12
Quick and Dirty Product/Market Fit Validation: Can You Hit Your Quota?	October 30
A Startup's Rosetta Stone - How to Succinctly Communicate the Details of a Business	October 23
The SaaS Valuation Bubble	October 22
The Series A Is Overloaded	August 29
The Seed Investment Patterns of Billion Dollar Startups,w	August 15
Maximizing the Value of Investor Referrals	July 29
Framing Your Startup’s Sales Pitch: Focus on Value, Not on Cost	July 24
How to Analyze Your Startup Like A VC in 15 Minutes Or Less	June 24
It’s Time to Start Worrying About the Next Round for Your Startup	June 19
Investing in the Consumer Web is Dead	May 22
Breaking Down a Typical VC/Startup Diligence Process	April 2
The 7 Questions A Startup Should Answer in their Fund Raising Pitch	March 29
The 11 Risks VCs Evaluate	March 28
How to Align Founder and VC Incentives - Why Fund Size Matters	March 27
Your Startup’s 10 Most Important Metrics	March 26
The Five Key Dynamics of the Seed Market in 2013	February 21
The Most Important Principle of Start Up Fund Raising	February 1
What I Learned From a Two-Year Fund Raising Process	January 30
How to nail your product market fit and sales pitch with a value proposition diagram	January 17

2012

Demo to term sheet in 3 hours	October 24
Building auction pressure in financings	September 3

2010

How Do VCs Analyze Companies?

February 26