THE 2025 FUNDRAISING GUIDE

Summary from the TLDR Founders newsletter

Fundraising requirements evolve with your startup stage. Early-stage startups must focus on vision and team, while later stages need proven profitability and governance. The median time between funding rounds has increased to 24+ months, so plan for at least 18-24 months of runway. The current "flight to quality" mindset means startups with efficient, profitable growth secure the best terms.