1. We tried to follow Y Combinator’s advice to minimize time fundraising and get back to work. Our goal was not to die from lack of funding or die from losing focus on the product. All $1.5 MM was committed within 10 days of YC demo day. Once we hit that number, we got back to work on the product. When we were fundraising, it was actually hard to work on the product.
Priceonomics on time allocated to raising money/work, the rest here
(Have been trying to convey this point of view to the publishing industry for 16 years, with signal lack of success.)