Listen to everyone, then make up your own mind
Lessons learned from Ridejoy’s seed round
“Don’t take too much advice. Most people generalize whatever they did and say that was the strategy that made it work.”
Ben Silbermann, cofounder of Pinterest
When we raised our seed round for Ridejoy, we got lots of great advice from many smart, experienced people. This was wonderful except that much of the advice was contradictory:
- Raise as much money as you can! (vs) Don’t raise more capital than you need to make it to the next milestone
- Decks are a useful way to walk investors through your pitch (vs) Decks are out! Just focus on telling a great story
- Don’t