In today's Startup Therapy Podcast, Wil and Ryan talks about what happens if your competitor got funded. Join as they discuss the common concern of competitors securing funds and share valuable perspectives on why this might not be a cause for panic. They highlight the importance of maintaining focus, strategic planning, and turning the situation into an opportunity for your startup's success.

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Resources:

• Startup Therapy Podcast 
• https://www.startups.com/begin
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• Check in with us on LinkedIn | Wil Schroter | Ryan Rutan

What to Listen For

• 00:00 Intro
• 02:20 What happens when your competitor gets funded
• 04:15 Is fundraising all glitz and glamor?
• 06:08 The pitfalls after getting funded
• 10:20 Crowdfunding: Hype vs. Reality
• 12:49 When Iivestors become your customer
• 14:56 You now need to raise more money
• 18:08 When focus shifts from profit to preferences
• 25:38 The hidden costs of funding
• 30:04 How founders see beyond competitor funding
• 32:11 How to stay focused