SaaStr · 2023-04-28
· 1133d
The 1-and-30 Rule: Continuous Year-Round Fundraising for Startup Founders
Jason Lemkin argues that founders should treat fundraising like a sales funnel by committing to meeting one new VC per week and spending 30 minutes weekly on existing investor relationships, regardless of immediate capital needs. This 1-and-30 rule ensures a pipeline of potential investors and champions for future rounds. The approach mirrors effective sales and marketing practices by consistently prospecting, nurturing leads, and investing in customer success.
Metrics in this report
Annual Investor Prospecting Commitment
52weeks
required
continuous year-round fundraising
In-Person Investor Meeting Frequency
50% more%
increase recommended
relative to founder instinct
Investor Update Frequency
1month
minimum
for all investor relationships
Time to Close Round After Ready
3-4weeks
typical
for well-networked founders with warm relationships
Weekly Existing Investor Engagement Time
30minutes
minimum
for all founders with existing investors
Weekly New Investor Meetings
1meeting
minimum
for all founders post-seed round