4 ms·
There are a ton of reasons we have not tried to raise funding. It sounds like it would be easy, we have proof of concept (after 8 years), but raising capital i
by cabinguy 16y ago
There are a ton of reasons we have not tried to raise funding.
It sounds like it would be easy, we have proof of concept (after 8 years), but raising capital is very intensive. We feel like we do not have time to take our eyes off the ball. Also, if we are correct and we can build this out to a $20M exit - an investor would most likely need to take more than 10% for their $500k - and - $20M exits are not very interesting to most investors.
We are growing at a decent pace organically and now through M&A. We believe there are a lot of other M&A deals out there for us and our time is better spent putting those deals together.
If someone knocks on the door we will talk...but we don't have time to knock on their doors.
- seto28 16y agoWhy 20M and not 200M? Or 2B? The question is, can it scale? If so, why not show the VCs how it's a potential 1B+ company rather than 20M?