Why It’s Easier for Second-Time Founders to Raise Venture Capital. Even With Nothing Even Built Yet.
SaaStr
DECEMBER 7, 2024
Dear SaaStr: Why Is It So Easy For Entrepreneurs With Previous Success to Raise Funds From VCs for Their New Venture Despite Not Having Domain Expertise? Because, while risky and more expensive, betting on repeat founders works. It doesnt necessarily work better. But importantly, it does work. (And most things in venture dont really work.) The HubSpot co-founders, for example, had $100m exits the first time.
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