One of the biggest mistakes founders make is telling investors, “We’re raising because our competitors are raising.” Fundraising should always be rooted in the actual needs of the business. You raise what your own business model demands. But this does not mean that founders should raise all at once. Fund requirement should be broken down in phases, where each round is aligned with the next set of tangible milestones. For example, if you plan to build a SaaS platform that will