What’s the best way to get your lead investor?

Paul Graham (Co-Founder & Partner at Y Combinator)
How to Raise Money

Avoid investors who don’t “lead. ” Why do investors use that term [lead]? Because it’s a more legitimate-sounding way of saying what they really mean. All they really mean is that their interest in you is a function of other investors’ interest in you. In essence, the spectral signature of all mediocre investors.

Paul Graham (Co-Founder & Partner at Y Combinator)
How to Raise Money

The biggest factor in most investors’ opinions of you is the opinion of other investors. Once you start getting investors to commit, it becomes increasingly easy to get more to. But the other side of this coin is that it’s often hard to get the first commitment. Getting the first substantial offer can be half the total difficulty of fundraising. What counts as a substantial offer depends on who it’s from and how much it is. Money from friends and… (read more)