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Fundraising, decoded.

Insights on seed-stage fundraising, VC meetings, and startup evaluation.

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Startup Valuation at Seed Stage: How Investors Actually Decide What You Are Worth
David Rakusan ·

Startup Valuation at Seed Stage: How Investors Actually Decide What You Are Worth

The median seed pre-money valuation hit $16M in Q3 2025, up 14% year over year (Carta). The median post-money rose to $24M in Q4 2025. Behind those numbers sits a process most founders misread. Investors do not calculate valuation. They work backward from fund math and forward from proof. This guide explains the four valuation methods you will encounter, why decks lose pricing power, and how founders close at the top of their range.

We Analyzed 4,690 Founder Posts About Fundraising. The #1 Problem Isn't Rejection.
David Rakusan ·

We Analyzed 4,690 Founder Posts About Fundraising. The #1 Problem Isn't Rejection.

Original research across 4,690 founder posts on LinkedIn, X, Reddit, and Quora. Timeline drag is the #1 pain in seed-stage fundraising, ahead of rejection, deck feedback, and investor ghosting combined. Here is what founders themselves say is breaking them.

How Long Does It Take to Raise a Seed Round? The Real Timeline in 2026
David Rakusan ·

How Long Does It Take to Raise a Seed Round? The Real Timeline in 2026

The honest answer for 2026: a well-prepared seed round takes three to four months of active fundraising with proof, warm intros, and a clean data room. Without those, it stretches to eight or nine months and often never closes. Carta data shows the median seed to Series A interval is now 616 days, and only 15.4% of the Q1 2022 seed cohort graduated to Series A within two years. Here is what actually drives the timeline and how to compress it without cutting corners.

VC Due Diligence at Seed Stage: Why Investors Keep Asking the Same Questions
David Rakusan ·

VC Due Diligence at Seed Stage: Why Investors Keep Asking the Same Questions

Seed stage due diligence is a proof problem, not a paperwork exercise. This guide, written by a founder with 7 years on the investor side, explains why VCs ask the same questions in every meeting, why conviction cannot be transferred between funds, and how structured proof breaks the repetition loop. Backed by research covering 885 VCs and 21,000 deals.

How to Find the Right VC for Your Startup (Before You Waste 38 Meetings)
David Rakusan ·

How to Find the Right VC for Your Startup (Before You Waste 38 Meetings)

The median seed round now takes 142 days to close (Carta, 2025), and most of that time is wasted on thesis-mismatched investors who would never invest regardless of how good the pitch is. This guide, written by a founder with 7 years of VC experience, breaks down the five filters every founder should apply before pitching, why thesis mismatches are the #1 cause of ghosting, and how structured proof can turn even cold outreach into a high signal message.

What VCs Actually Ask in the First 3 Meetings (And What They're Really Testing)
David Rakusan ·

What VCs Actually Ask in the First 3 Meetings (And What They're Really Testing)

An ex-VC breaks down the questions investors ask across the first three meetings, what each one is really testing, and where most founders lose the deal. Updated August 2026 with the real deal-funnel numbers from the Gompers survey, corrected diligence data from Fu and Taylor, and 2025 Carta data on the widening gap between seed and Series A.