My Competitors Just Raised Funds - Am I Screwed‪?‬ Startup Therapy

In today's Startup Therapy Podcast, Wil and Ryan talks about what happens if your competitor got funded. Join as they discuss the common concern of competitors securing funds and share valuable perspectives on why this might not be a cause for panic. They highlight the importance of maintaining focus, strategic planning, and turning the situation into an opportunity for your startup's success.

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Resources:
Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Check in with us on LinkedIn | Wil Schroter | Ryan Rutan
What to Listen For
00:00 Intro02:20 What happens when your competitor gets funded04:15 Is fundraising all glitz and glamor?06:08 The pitfalls after getting funded10:20 Crowdfunding: Hype vs. Reality12:49 When Iivestors become your customer14:56 You now need to raise more money18:08 When focus shifts from profit to preferences25:38 The hidden costs of funding30:04 How founders see beyond competitor funding32:11 How to stay focused