4 ms·
This post is a great post to remind entrepreneurs that getting funding is not a success. I often discuss with companies coming to us looking for funding that th
by pge 15y ago
This post is a great post to remind entrepreneurs that getting funding is not a success. I often discuss with companies coming to us looking for funding that things change when they get money. You now have shareholders with expectations and you have obligations to them. When you are running on a shoestring, often decisions are easy because only the most important things can get done; everything else falls by the wayside. When you have cash in the bank, suddenly the universe of options is much larger - do I hire more people, do I invest in marketing, etc. It's an exciting but daunting moment. Congratulations on the funding; your job just got harder:)
- Shenglong 15y agoI often hear people say that sometimes having options can be more difficult than not having options, but in a business context, I wholeheartedly disagree. Even in the small (300k total accounts or so) project I founded (that I just killed off), I still had to plan multiple steps ahead. Just because something wasn't realizable at a given moment, did not mean I didn't have to make decisions. In fact, I had to make more decisions: "Once A, B, and C are complete, I need to find funding. If I get funding from X, then I can proceed with Y. If X falls through buy N gives me funding, I'll do Z because of M. If both come through, then I'm limited by H and J, and therefore I'll go with either Q or W." Obviously, it's more complicated than this, and sometimes my mental maps gave me headaches - but what I'm trying to illustrate is that once you have something solid, I think things become simpler. Instead of planning for a myriad of possibilities, you only need to make one or two per instance.