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Is there such thing as waiting too long to raise?
by dustingetz 8y ago
Is there such thing as waiting too long to raise?
- bdamm 8y agoStarving your potential growth by not spending enough money? Failing to achieve usability by staying in your basement too long? Allowing competitors to get established before you? These seem like outcomes from waiting too long.
- akharris 8y agoThere is - it's possible to miss your window. This usually takes the form of a company that has figured out how to start scaling revenue, does not take advantage of the leverage, and then plateaus as a function of not having the capital necessary to expand. For the better half of these businesses, this ends up being ok. They settle into a slower growth model that produces a great cashflowing business. However there are others who are unable to get to profitability on remaining funds and die as a result of not having enough capital.
- mhluongo 8y agoYes- you can burn through your runway, or you lose the opportunity to a better capitalized competitor.