NextTier Ventures recently concluded their #MissionMiami, imparting a crucial lesson to startups: the importance of an ‘always open’ funding round, a key aspect of the American #mindset.
This approach underlines that investment opportunities can arise unexpectedly and from various sources, not just traditional VCs. Financial stability is crucial to withstand the highs and lows of business cycles.
A notable example shared during our trip was that of Ryan Petersen, founder of Flexport, who controversially raised $1 billion despite not being in dire need of funds, right before the pandemic hit.
“Not being in a funding round is no longer an option” was a key message, emphasizing the need for constant readiness to seize financial opportunities.