> fundraising is about “searching for true believers, not convincing skeptics.”<p>Interesting and well said. Makes sense, but I hadn't thought of it in those terms.
> For example, there is sort of a magic number for SaaS businesses to achieve $100K MRR, which is usually a good benchmark for being able to raise a decent VC-led series A or B.<p>Wait, what? If you have $100k MRR, why do you need any venture capital at all?