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Agreed that focus is critically important to an early stage startup. However, raising money can sometimes take 3-6 months (longer in some cases) and that can di
by whather 15y ago
Agreed that focus is critically important to an early stage startup. However, raising money can sometimes take 3-6 months (longer in some cases) and that can distract the team just as much. I know startups that have died from spending too much time on fundraising and not enough on product.
If you could spend a month on a short-term contracting gig and bring in the equivalent of a small angel round, wouldn't that be a worthwhile option?
- jsatok 15y agoRaising a small ($25k-100k) friends and family round shouldn't take you more than a couple weeks. I guess it depends on your startup, team and financial situation, but I feel it makes sense to take the dilution, and get going with your startup rather than putting it off while doing consulting.
- dools 15y agoGeez if only everyone I knew put together had a spare $25k