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Well, this was awhile ago so I don't know how relevant the advice is today, but when I did a startup in the 90's we didn't take any angel money for over a year
by markbnj 8y ago
Well, this was awhile ago so I don't know how relevant the advice is today, but when I did a startup in the 90's we didn't take any angel money for over a year and until we had our first live customers. What we did was run super cheap, crappy office space, minimal everything, didn't take any salary ourselves. We wrote code all night and called prospects all day. I was never really comfortable cold calling, but I learned to be. We were selling to banks and called anyone we could find contact info on. Not spending any money we didn't have to spend, and not giving up until some people said yes, basically.
- andrewnc 8y agoWhat ended up happening to your company?
- markbnj 8y agoWe were acquired in the early 2000's for something less than the preferences owed to the VC, so they did sort of ok (by everyman standards, doubled their money in four years) and everyone else just chalked it all up to a life experience :).