April 9, 2012 at 7:36pm

Once you close that round and you get your Techcrunch hit, it’s all now in the past. Having a syndicate of all these famous top-notch investors doesn’t magically create great products. The only metric that matters now has a binary outcome. Have you built something that people want? If yes, prove it. If no, you didn’t make it. The name of your investors on your crunch base page, the number of followers on your Angelist profile, and the cap on your valuation— all will have no relevance if you fail to delight your users. For this one period of time, fundraising is fun. But now more than ever it’s time to prove you’re worth it. Go do something incredible.

— Jason Freedman