THE FIRST 40 MONTHS

Summary from the TLDR Founders newsletter

Don't just sprint from round to round - map out your first 40 months of fundraising. Today's funding climate is very unpredictable, with many investors chasing momentum over milestones. What's hot changes constantly (neurotech: dead in 2022, hot in 2025). The best founders understand this and build longer roadmaps that account for future financing markets, not just immediate goals.