4 ms·
For you it sounds like a great deal to take someone else's money. You say that you have run multiple companies that did not exit or sell. So stock in your past
by lacker 15y ago
For you it sounds like a great deal to take someone else's money. You say that you have run multiple companies that did not exit or sell. So stock in your past companies has always ended up being worth zero dollars. It would always have been a good deal for you, in retrospect, if you had sold some stock in your past companies. You don't have to give up any control for an angel investment nowadays, so what's the downside?
Take some investment, if you can, and use that money to hire people and get going faster.
- cd34 15y agoTaking cash from an investor isn't free - investors want some return on their investment. My companies never really exited, I just pivoted into areas that I found more interesting/profitable. If I had sold stock, I wouldn't have been able to keep 100% of the profits. Angel investments are not free cash, there is an expectation that the idea will work and provide a return on investment.