Massive Growth or Profitable - Those Are the Options
January 22, 2026
The new World of AI has changed investor expectations for startups and that is making survival more and more binary.
Today, we’re talking about fundraising in today’s environment.
I spend a lot of my time begging founders not to focus on fundraising and instead focus on customers. But the current behavior of VCs at the seed and Series A stages, is the most founder friendly I’ve encountered. I’m seeing a lot of term sheets with valuations that are 100x revenue or more, and VCs emailing higher and higher valuations until a company accepts. Wild times.
No guarantees whatsoever — fundraising is tough and it’s still “winner takes all”. But if your company is doing well and you were thinking of waiting until April to start conversations. I would take those “feedback” meetings now.
