Sahin Boydas
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What I Learned the Hard Way About Fundraising Timelines

Fundraising timelines are tougher than people admit. I'll share my honest experience and practical advice to help you succeed.

2024-03-135 min read559 words

Getting fundraising timelines right often separates the companies that win from the ones that don't.

Fundraising timelines are tougher than people admit. I'll share my honest experience and practical advice to help you succeed.

The Counterintuitive Truth

In fundraising timelines, the best practitioners often do less, not more.

The lesson: the data tells a different story than your gut. It sounds simple. It's incredibly hard to execute.

The Framework That Actually Works

Here is a simple framework for evaluating fundraising timelines. It's not complicated, but it requires discipline.

Step 1: you need to move fast and break things

This is where most people go wrong. They skip this step entirely and jump straight to execution. Don't do that.

Step 2: most founders overthink this and underspend on execution

Once you have the foundation right, this becomes much easier. I've watched founders struggle with this for months when the answer was staring them in the face.

Step 3: Iterate relentlessly

Nothing works perfectly the first time. The companies that get fundraising timelines right treat it as an ongoing process, not a one-time project.

What I've Learned From 90 Companies

Across 234 angel investments, including Anthropic, a few patterns in fundraising timelines come up again and again.

The founders who handle fundraising timelines well understand that the market doesn't care about your roadmap.

What I Tell Founders

Before deciding anything about fundraising timelines, start with three questions:

1

What's your timeline? Because the right approach for a company with 6 months of runway is very different from one with 3 years.

2

What have you already tried? Most founders have tried something. Understanding what didn't work is often more valuable than knowing what might.

3

Who on your team owns this? If the answer is "everyone" or "no one," that's your first problem to solve.

These questions seem simple but they reveal a lot about where a company actually stands.

This connects to broader themes around investor relations, Series A, SAFE agreements, pitch deck design, convertible notes that I've been thinking about a lot lately.

Final Thoughts

There are no shortcuts in fundraising timelines, but there are smarter paths.

The strongest teams treat fundraising timelines as a competitive advantage, not a checkbox. They invest in it early, measure it obsessively, and never stop improving.

If you're just getting started with fundraising timelines, don't be intimidated. Everyone starts somewhere. The key is to start with the right mindset and the right framework, and then execute like your company depends on it. Because it probably does.

FAQ

Frequently Asked Questions

Q:What would you do differently looking back?

I'd move faster on the things that were working and cut the things that weren't sooner. Most founders, myself included, hold onto failing strategies too long because of sunk cost. Speed of learning is everything.

Q:How long did it take to see results?

Most meaningful business results take 3-6 months to materialize. Anyone promising overnight success is selling something. The companies in my portfolio that grew fastest were the ones that stayed patient and consistent.

Q:Can these results be replicated?

The specific numbers will vary, but the underlying patterns and principles are transferable. The key is understanding the context behind the results, not just copying the tactics. Every company has unique constraints that shape what works.

Written by

Sahin Boydas

Serial entrepreneur, #1 angel investor, author of Becoming Top 1%

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