Comments on: An engineer’s perspective on fundraising http://thefoundersquandary.com/2009/10/an-engineers-perspective-on-fundraising/ Fri, 14 May 2010 02:32:31 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Ben Saren http://thefoundersquandary.com/2009/10/an-engineers-perspective-on-fundraising/comment-page-1/#comment-5 Ben Saren Fri, 30 Oct 2009 20:53:29 +0000 http://thefoundersquandary.com/?p=90#comment-5 Great post Leah. I think you hit the nail on the head, and Dharmesh as well (as usual). Receiving funding is validation, and is a day you'll never forget. Now the work really begins. I'm also reminded of a stat I saw a couple years ago. The numbers are somewhat off, but the point is made, I think: 1 in 10,000,000 ideas ever become businesses. 1 in 1,000,000 of these businesses raise money. etc etc I look forward to more entries from you as you and RunMyErrand evolve and beat even more of the odds. Great post Leah. I think you hit the nail on the head, and Dharmesh as well (as usual). Receiving funding is validation, and is a day you’ll never forget. Now the work really begins. I’m also reminded of a stat I saw a couple years ago. The numbers are somewhat off, but the point is made, I think:

1 in 10,000,000 ideas ever become businesses.
1 in 1,000,000 of these businesses raise money.
etc etc

I look forward to more entries from you as you and RunMyErrand evolve and beat even more of the odds.

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