Peering into the 'Series A chasm' with Everywhere Ventures' Jenny Fielding

In this episode of the Equity podcast, the hosts delve into the challenges startups face in the current Series A fundraising landscape. Jenny Fielding, co-founder and managing partner of Everywhere Ventures, refers to this struggle as a "chasm." She explains that the benchmarks for securing Series A funding—such as revenue and growth rates—have become significantly tougher to meet. This shift is influenced by the large funds raised by venture capitalists between 2020 and 2022, creating pressure to deliver returns in a tighter market. The discussion paints a clear picture of the hurdles for founders, who now encounter longer timelines to become ready for Series A. Jenny offers valuable advice for navigating this terrain: focus on understanding essential metrics, make quick adjustments to operational expenses, and continually nurture relationships with investors. The podcast also examines the distinct investment strategies employed by larger funds compared to smaller, early-stage funds like Everywhere Ventures.