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.

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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