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No it doesn't. If you're not raising money you answer No to "Raising money?" at which point I suggest you seek advice (if needed). I personally haven't yet rais
by epi0Bauqu 16y ago
No it doesn't. If you're not raising money you answer No to "Raising money?" at which point I suggest you seek advice (if needed). I personally haven't yet raised angel/VC money for my startups and often advise people against it until if and when they really need/want to.
- hasenj 16y agoWell, I read it as "If you think you don't need funding, you're wrong". All paths go to "seek advice" except the path where you're raising money, know how much, know the terms, and know the investors. If the author (is it you?) thinks it's ok not raise money, the diagram should be altered to reflect that. Maybe a bit like this: .. -> [Raising Money?] -> [No] -> [Do you need to?] -> [Yes] -> (Seek advice) -> [No] -> [Profitable yet?] -> [Yes] -> [Cool, good luck] -> [No] -> (Seek advice)
- epi0Bauqu 16y agoI've been doing startups for over 10 years and haven't raised any VC/angel money :). The chart is about when to ask for advice, not a chart to path your startup career. In any case, I do think you should seek advice if you are bootstrapping. You read it as seeking advice to raise money, whereas I meant seek advice generally about your startup. I think people benefit from having mentors, which I tried to write up here btw http://ye.gg/mentors http://ye.gg/mentors