You’ve seen it all over the headlines: VCs are slowing their check-writing pace as we head further into the year. And raising money for your startup could get even trickier in 2023, even for the early stages. But investing vets have a pointer or two for entrepreneurs on how to navigate it.
First, what to expect: Maëlle Gavet, the CEO of mega pre-seed investor Techstars, which operates an accelerator program, warns it’s going to be hard, and “the ups and downs of the economy are going to impact you,” she told me earlier this month. Techstars writes checks up to $120,000 for the right to a 6% equity stake ($20,000 for 6%, and the offer of a $100,000 convertible note).
