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> I guess this is just my way of saying that _every single_ entrepreneur should be prepared for their funding to disappear until they have the check cashed and
by anamax 17y ago
> I guess this is just my way of saying that _every single_ entrepreneur should be prepared for their funding to disappear until they have the check cashed and sitting in their bank account. You have to have a Plan-B that leads to success, whether it be consulting, credit-cards, friends-and-family, or living on zero dollars.
The above suggests that you "finish" fundraising. You don't. You can't stop fundraising when the check hits the bank because you're already behind schedule for raising the next round.
- deleted 17y ago[deleted]
- whatusername 17y agoI think DHH (and others) would disagree with you. At some point you need to stop raising money and start raising revenue.
- anamax 17y ago> At some point you need to stop raising money and start raising revenue. Actually, you need to start raising revenue before you stop raising money because you need to keep raising money until you've got sufficient revenue. My point was that you're continuously raising money until you hit that point