兔子先生传媒

Culture • Startups • Venture

Why You Haven’t Raised Startup Funding (Yet)

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If you鈥檙e the CEO of or and reached $100 million in ARR in under a year, this article isn鈥檛 for you 鈥� enjoy being a unicorn as thousands of investors beg to fund you.

But if you鈥檙e not, then let’s be honest: raising in 2026 is tough. Although global venture funding is growing, raising capital isn鈥檛 any easier for the average startup. According to 兔子先生传媒 , more than a third of global funding in 2025 went to just 629 companies, compared to 24% of funding in 2024.

This highlights a growing concentration of capital, making most of that funding effectively inaccessible to early-stage startups. So what can founders do to fix that?

We don鈥檛 invite strangers to our houses, and we don鈥檛 hire them for important jobs either. For thousands of years, trust and credibility were the most important factors in forming relationships, both business and personal.

In 2025, Silicon Valley companies attracted nearly 50% of the entire U.S. . Silicon Valley is also home to , over half of all U.S.-based unicorns.

Julia Sabitova, co-founder of CloEE
Julia Sabitova

It鈥檚 not because San Francisco Bay Area founders are inherently smarter 鈥� it鈥檚 largely about being close to capital and networks. When you鈥檙e in constant proximity of MAG7 companies and hundreds of VCs, connections happen organically, through social gatherings, meetups and referrals. This is how credibility is formed: through connections and exposure.

So, is networking the secret to raising capital? Partially, but it doesn鈥檛 scale. You can鈥檛 just meet the whole industry and invite them all to a 1-1.

So instead, you have to build your reputation. Here are my top four pieces of advice on how to build it right.

Be visible

Make your growth visible. Whenever you reach a significant milestone 鈥� raising a round, hitting a user target, or achieving revenue growth 鈥� the market should hear about it.

We鈥檝e seen countless companies reach a huge target and then fail to spread the word about it.

Make sure to plan all media coverage in advance, keep exclusive news up your sleeve, and have an extensive media strategy. Once the word is out through your company鈥檚 social media, pitching to journalists becomes significantly harder. Everybody wants exclusives, and no one wants to write about old news. Global media outlets are all about relationships. Make sure to form a meaningful connection with journalists covering your particular niche.

Focus on customers

The second priority when raising funds is your company鈥檚 place in the overall market landscape. Be where your customers are. Many founders make the same mistake: chasing investors instead of customers.

Remember that investors will always find good investment opportunities. Your job is to make sure that your company is one of them. Investors have to see that your company has a sustainable customer acquisition approach and is able to continuously grow its user base.

Chasing investors can even damage your public picture. If VCs see you spending heavily to attract investors rather than customers, it may signal misaligned priorities.

Be a thought leader

Important thing No. 3: thought leadership. You have to prove your credibility through actively participating in conferences and meetups.

Speaking at industry events signals credibility at scale. Conferences are highly selective. Being on stage implies that organizers have already vetted your expertise. Getting on the stage and delivering your core message will help your credibility more than any degree or a title.

Raise symbolic capital

The fourth significant factor is symbolic capital 鈥� the way your company is perceived by the market. A great way to acquire symbolic capital is through various ratings and features. They鈥檙e usually put together by the larger media outlets and include programs such as Forbes鈥� 30 Under 30, TechCrunch Startup Battlefield and Slush100.

Similar to conferences, participating in different features shows potential investors that a credible player with a good reputation has already done a background check on you and is ready to endorse you. One well-known logo in your endorsements list can go a long way in securing the next round of funding for your startup.

A somewhat unexpected benefit of getting into the biggest ratings and roundups is your AI visibility. Your company being featured in one of these lists will significantly improve the odds that AI will highlight your company in relevant conversations. AI visibility is increasingly important for user acquisition, considering that according to , already use AI instead of traditional search engines for shopping.

Reputation: You can鈥檛 buy it

Reputation is one of the rare things in the business world that you can鈥檛 just buy.

One of our longstanding partners received an invitation to a dinner with the Royal Family of the United Kingdom, which is something that no amount of marketing budget will give you. It takes a lot of coordinated work and effort that won鈥檛 result in exact KPIs on day one, which is why many startups just don鈥檛 have the patience and strategy it takes to build credibility.

As development and compute costs fall, the number of startups continues to grow. In that environment, reputation becomes the key differentiator between companies that attract capital 鈥� and those that don鈥檛.


is a communications strategist and serial entrepreneur with more than 10 years of experience. She co-founded , an AI adviser for smart manufacturing, and leads BeGlobe, a PR agency for tech startups and VCs. She is a graduate of 鈥檚 SkyDeck Accelerator.

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