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How about for startups that are not building the typical web app? What if you do need capital for manufacturing and prototyping and regulatory approval? What'
by count 17y ago
How about for startups that are not building the typical web app? What if you do need capital for manufacturing and prototyping and regulatory approval?
What's a decent 'runway' for that kind of deal? I can't see pushing our product out within 3 years, due to the above, and it will definitely take substantial capital investment.
Is taking as much as possible such a bad thing in that case?
- anamax 17y ago> Is taking as much as possible such a bad thing in that case? Yes. The right amount is "the minimum that will let you achieve your goals". That amount depends on the biz and goals but it is never "as much as possible". In other words, the fact that certain biz require $1M to get to viability while others can get there with $10 does not imply that the former should take $100M. Too much money, like too little money, causes problems. Does your startup need more problems?