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BW Businessworld

So, Your Startup Got Funded. Now, What?

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Days ofendless brainstorming, re-planning and pitching are over. Self-doubt and frustration have given way to relief and exhilaration. Your fledgling startup has been funded by your favourite VC.Congratulations on your series A! 
 
Hope you will take a moment to thank the “universe” that has conspired to make this happen, and to acknowledge the support of your team members, friends and family who have believed in you and your dreams. I am sure a few rounds of the bubbly are also in order. But as you think of extending these celebrations to a few more days, please pause and ask yourself: “Have I arrived? Or, have I just started?”
 
External funding is a great validation of the idea, its market and the team. It builds confidence, and inspires the entrepreneurs to surge ahead with even greater speed; it acts like an extra shot of Adrenaline. This event brings with itself many unique experiences for a startup – including but not limited to – access to funds in the bank, media attention [specially if the startup operates in an “in” space that is the fancy of leading VC firms], interest from people want to join the startup as employees, consultants and service providers and perhaps a new office.
 
So, celebrate you must, but with the understanding that is just another milestones in an entrepreneur’s long journey of taking an idea to a funded-startup to a great institution. 
 
There are still many miles to go. Things to hold onto. And even more things to change. Buckle-up for the next exciting chapter in your Startup’s life!
 
 
“But I have promises to keep, and miles to go before I sleep…”
-- Robert Frost

The author, Ajay Batra, is CEO, Lutyens Startups
 


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