Sadly I encounter too many entrepreneurs (often first-timers) who want to raise capital too early and aren't ready to hustle to build value before going out for funding. The reality is - unless you have proven yourself either by having created value before (aka you're a second, third or nth-time entrepreneur) or you have actually created value - you will spend endless cycles chasing capital. And the capital you might be able to raise ends up being dumb capital as the smart investors will chase the entrepreneurs who have created value.
Pascal is the Managing Director of Singularity University’s Startup Lab, where we grow startups which solve the most intractable problems in the world. He previously led eBay’s Platform Solutions Group in Europe, led Mozilla Labs, created Mozilla’s accelerator program WebFWD, and invested into social impact organizations around the globe at Google.org. Pascal also created the non-profit organizations Mentor for Good, POWERUP and The Coaching Fellowship.