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How do you know if your startup is VC-backable?
We opened our fundraising campaign about six months ago, and as expected and read around, we’ve received a significant number of rejections from VCs. A recurring feedback we’ve been hearing is that they don’t see us becoming a “unicorn”—whatever that means. Initially, we brushed off these comments, as our ambition has always been to build a global, impactful company in a space we know well. We’ve achieved early traction to back this up: we crossed $100k ARR in just 10 months, growing 4x across all key metrics. Yet, despite this progress, this amount of rejections (30+ so far) is starting to get under my skin. I’m trying to understand if this level of rejection is normal or if it points to something deeper about how VCs perceive our startup. Should we reconsider our approach, positioning, or expectations? Or is it simply a matter of persistence and finding the right match? Please share your thoughts, perspectives, or experiences on this, I really need it. EDIT: some rewriting with ChatGPT as English is not my main language.4
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