#044 | The Fundraising Shortcut That Backfires
Over the years, I’ve lost count of how many times I’ve been asked to pitch on behalf of a founder. My answer has always been the same: NO.
Why? Because fundraising is always the founder’s job. Not an advisor’s. Not a consultant’s. Not a hired gun’s. Yours.
Investors don’t want perfect. They want real. They want to hear your story, your vision, your resilience. They want to see how you show up when the stakes are high. If you outsource that, you’re outsourcing the single biggest trust-building opportunity you’ll ever have.
The Outsourcing Illusion
Founders often convince themselves with familiar arguments:
“An advisor has better investor contacts.”
“I don’t have the time to pitch.”
“They’ll run the process more professionally.”
But let’s be honest here. The real reason you’re tempted to hand it off? Because you believe they can get you a “better” deal. You worry about giving away too much equity. You fear signing terms that could come back to hurt you down the road. And yes, you think because they do this all the time, they’re sharper, faster, and more sophisticated than you.
I understand that fear. But come on…
Would you let someone else date your future spouse for you?
I would guess no….
Then why would you let someone else build a relationship with your investors?
Delegating fundraising is like sending a stunt double to your wedding. Sure, they might get through the ceremony, but the relationship - the trust, the long-term commitment - can never be built that way.
Fundraising is not a transaction. It’s a relationship journey. The first pitch is the first date. Then come the follow-ups, the deep dives, the tough questions. Eventually, if it all fits, it leads to a marriage. And marriage is not something you outsource. Both sides need to know each other’s values, strengths, and flaws.
Always You. With Smart Support.
Now, let’s be clear: saying “never delegate” doesn’t mean “never get support.” That would be naive.
Even the most experienced founders only fundraise every couple of years. On the other side of the table, investors do this full-time, backed by entire teams. They are sharper by default, because this is their job. To think you can walk in without backup and play on equal footing is equally naive.
That’s why the smartest founders surround themselves with coaches, advisors, and mentors in the background:
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A coach to sharpen their pitch and make sure they deliver with clarity and impact.
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An advisor to guide them through agreements and protect them from rookie mistakes.
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Mentors and experienced board members who can help set strategy and reality-check investor offers.
But the crucial difference? Founders still own every single investor interaction. You are the one in the room, you are the one on the call, you are the one building the relationship. Advisors come and go, but you’re the one who ends up “married” to your investors.
I’ve seen the pattern clearly:
Founders who embraced their quirks and spoke authentically built stronger trust than those who tried to be polished through proxies.
Personal, direct outreach consistently opened doors - even to top-tier investors.
Oversubscribed rounds didn’t happen because an advisor sent a spreadsheet - they happened because the founder showed resilience, speed, and commitment.
What worked? Direct leadership supported by smart guidance.
Why? Because investors want to invest in founders, not faceless companies.
Practical Success Habits
Here are concrete things that always work in founder-led fundraising:
- Be fast in your responses. Even if you don’t have the answer yet, reply quickly. “I’ll get back to you with the analysis in two days” is infinitely better than silence.
- Be prepared. Anticipate questions, know your numbers, and rehearse your story until it feels effortless.
- Be consistent. Keep investors updated, even when nothing dramatic has changed. Small updates build momentum.
- Be personal. Every email, every call - make it clear you’re reaching out to them, not just “spraying and praying.”
- Be resilient. Investors are watching how you handle pushback, not just how you shine when things go well.
The Bottom Line
Fundraising is the founder’s job. Always. It’s not just about raising money - it’s about proving you can sell vision, resilience, and execution. No advisor can replicate that energy.
Yes, get coaching. Yes, lean on trusted advisors to balance the asymmetry with investors. But when it comes to the pitch, the negotiation, the trust - you show up. Every single time.
And remember - most importantly - you always hold the ultimate power. If the deal isn’t good enough, if you don’t trust the investor, if your gut tells you it’s wrong - you can always say no.
No stand-ins. No stunt doubles. Just you.
Always you.