What’s the best way to raise the right amount of money?

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

Underestimate how much you want. Though you can focus on different plans when talking to different types of investors, you should on the whole err on the side of underestimating the amount you hope to raise. For example, if you’d like to raise $500k, it’s better to say initially that you’re trying to raise $250k. Then when you reach $150k you’re more than half done. That sends two useful signals to investors: that you’re doing well, and that they… (read more)