How Startup Fundraising Works | Startup School

YC Group Partner Brad Flora has seen startup fundraising from every angle: as a founder, as one of the most prolific angel investors in Silicon Valley, and now as a YC Group Partner. Brad has coached hundreds of companies on fundraising. In this talk, he shares stories and advice on how modern startup fundraising works. Paul Graham Fundraising Essays: http://www.paulgraham.com/fundraising.html http://www.paulgraham.com/startupfunding.html http://www.paulgraham.com/convince.html http://www.paulgraham.com/herd.html Geoff Ralston's Fundraising Guides: https://www.ycombinator.com/library/4A-a-guide-to-seed-fundraising https://www.youtube.com/watch?v=gcevHkNGrWQ&ab_channel=YCombinator YC Fundraising Resources: https://www.ycombinator.com/library/2u-how-to-build-your-seed-round-pitch-deck https://www.ycombinator.com/library/6q-how-to-pitch-your-startup https://www.ycombinator.com/library/71-how-to-get-meetings-with-investors-and-raise-money https://www.ycombinator.com/library/4O-raising-money-online-advice-for-startups https://www.ycombinator.com/library/3u-different-types-of-investors-and-their-incentives Apply to Y Combinator: https://yc.link/SUS-apply Work at a startup: https://yc.link/SUS-jobs Chapters (Powered by https://bit.ly/chapterme-yc) - 00:00 - Intro 00:27 - Fundraising resources 02:13 - 7 fundraising myths 04:06 - Raising money is glamorous 06:51 - The need to raise money before starting a startup 10:10 - My startup need to be impressive to raise money 13:56 - Raising money is complicated, slow, and expensive. 18:04 - I am going to lose control of my company 21:58 - I need a fancy network to raise money 23:43 - If investors reject my startup its a bad startup 26:35 - Wrap up - This isn't for you