For Base, a $1B fundraise serves a dual purpose: funding capital-intensive growth and acting as a powerful recruiting tool. The massive round signals to top-tier engineers and operators that the company is playing on a global stage, making it a more compelling career destination than less capitalized competitors.

Marketers mistakenly assume B2B industries like finance are dull. In reality, these sectors are filled with compelling human stories about hopes, dreams, and innovation. The perceived lack of creativity is a massive competitive advantage for marketers willing to find and elevate these narratives.

Raise capital when you can clearly see upcoming growth and need resources to service it. Tying your timeline to operational milestones, like onboarding new customers, creates genuine urgency and momentum. This drives investor FOMO and helps close deals more effectively than an arbitrary deadline.

The current fundraising environment is the most binary in recent memory. Startups with the "right" narrative—AI-native, elite incubator pedigree, explosive growth—get funded easily. Companies with solid but non-hype metrics, like classic SaaS growers, are finding it nearly impossible to raise capital. The middle market has vanished.

The founder classifies fundraising into six buckets: finding PMF, funding growth, employee liquidity, trust/publicity, strategic partnerships, or ego. This framework helps founders avoid raising capital for momentum's sake, which often adds unnecessary risk and dilution.

A powerful, low-effort fundraising tactic is to maintain two investor update lists: one for current investors with full transparency, and a "dream investor" list. BCC your dream list on polished, highlight-reel updates showcasing strong traction and momentum, creating inbound interest without a formal ask.

Applying the "weird if it didn't work" framework to fundraising means shifting the narrative. Your goal is to construct a story where the market opportunity is so massive and your team's approach is so compelling that an investor's decision *not* to participate would feel like an obvious miss.

Factory's founder views fundraising as a milestone marking a shift in the company's state, triggered by rapid growth and the need to scale the team, rather than an end goal. This mindset keeps the focus on the core business.

Don't overlook seemingly "boring" industries like cybersecurity or compliance. These sectors often have massive, non-negotiable budgets and fewer competitors than glamorous, consumer-facing markets. Solving complex, high-stakes problems for large companies is a direct path to significant revenue.