Paul Graham: Merely Talking to Investors About Fundraising Can Hurt a Startup

FinanceYF5 · x · 2026-11-02

Paul Graham argues most investors don't realize how much damage the mere process of discussing fundraising with them inflicts on a startup.

He shared a revenue growth chart of a typical company — noting it's a YC company, which already has an easier time raising than average. The chart shows near-zero revenue for a long stretch before explosive growth.

His core point: when founders' time gets consumed by fundraising meetings, the real casualties are the product, customers, and growth.

Related event: Paul Graham: Just Talking to Investors Harms Startups(3 posts)→

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