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VC Fundraising is a Process, Not Luck

  • Writer: Nischal Hathi
    Nischal Hathi
  • 21 hours ago
  • 2 min read

A lot of founders secretly believe this:

“If I just get one right intro, one investor will ‘get it’, and funding will happen.”

And when it doesn’t, the story becomes:

“Maybe fundraising is just luck.”

But here’s the truth most experienced founders and VCs know:


VC fundraising is not luck. It’s a repeatable process.


Yes, timing matters. Yes, markets change.

But the founders who consistently raise don’t “get lucky” — they run fundraising like a system.


1) Fundraising is a Sales Funnel (Not a Lottery Ticket)


Treat VC fundraising exactly like you would treat customer acquisition:


You build a list

You reach out

You qualify

You pitch

You follow up

You close


The “luck” you see from the outside is often the result of 30–60 investor conversations happening behind the scenes.

Fundraising = pipeline + momentum.


2) The Real Game is Investor-Market Fit


Not every VC is your VC.


Some invest in:


B2B only

Consumer only

India-only

Global-first startups

Pre-seed only

Series A+ only


So when a founder says “everyone rejected me”, many times it actually means:

“I pitched the wrong investors.”

Your job is to find Investor-Market Fit before expecting funding.


3) A Great Pitch Deck Doesn’t Raise Money. A Great Narrative Does.


VCs don’t fund slides.

They fund clarity.


A strong narrative answers:


  • What problem are you solving?

  • Why now?

  • Why you?

  • Why will this become big?

  • What proof do you already have?

  • What will funding unlock?


If your story is unclear, the investor won’t “take time to understand.”

They will simply move on.


4) Momentum is Manufactured (Not Random)


Fundraising success often comes down to one word:


Momentum

And momentum is built by design:


Starting with warm-up investors

Collecting objections early

Improving the pitch weekly

Tightening metrics and storytelling

Running parallel conversations

Creating a “fear of missing out” effect


Founders who raise fast aren’t always the best businesses.

They are often the best at running a tight process.


5) Fundraising is 70% Preparation, 30% Pitching


If you start fundraising without preparation, you’ll learn everything the hard way.


Before you begin, lock these:


Your fundraising kit:


Pitch deck (story + numbers)

Financial model

Traction dashboard

GTM clarity

Use of funds plan

Clear round structure (amount, valuation expectations, runway)

Data room readiness


The best founders don’t “wing it.”

They enter the market ready.


6) Rejection is Feedback (Not Failure)


Every “no” contains signal:


“Too early” → You need more proof points

“Not differentiated” → Your positioning is weak

“Market too small” → Your narrative isn’t ambitious enough

“Unit economics unclear” → Your numbers need tightening

“Team risk” → Your execution story needs strength


Smart founders don’t take rejection personally.

They convert it into iteration.


7) Luck Happens When Process Meets Timing


Let’s be honest: timing does play a role.


But here’s the difference:


Founders waiting for luck: “Hope an investor likes it.”

Founders running a process: “I’ll speak to 40 investors, learn fast, refine fast, and close.”


Funding comes when:

Preparation + Pipeline + Proof = Predictable Outcomes


That’s not luck. That’s execution.


Final Thought


If you’re fundraising right now, remember:

VC fundraising isn’t about one big break.

It’s about building a system that makes “yes” inevitable.


And the best part?

Once you learn the process once…

you can repeat it again and again at every stage.

 
 
 

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