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Once you have paying customers and growth, the appetite for investor money goes down very quick.
by lubos 5y ago
Once you have paying customers and growth, the appetite for investor money goes down very quick.
- altdataseller 5y agoDepends. If you are happy with a lifestyle business or low 7 digit outcome, then yes. If u are aiming for at least $100m exit, you might need the $$$
- b20000 5y agoif marketing / sales is free you can scale it up without funds. unfortunately, i came to experience first hand it is not. i doubt you can scale without paying for marketing somehow.
- your_username 5y agoI have found that the more excited that a customer is excited about a product the more apt they are to be your best salesperson. This was especially true for one of my consumer SaaS.
- tluyben2 5y agoWhen I was younger, decades ago, I always wondered why investors keep saying we need to have customers and revenue first before plonking down millions; why would I need investors when I have paying customers?? Then we got paying customers, customers paying millions/year and we found out why we need investors. Not all businesses do but even little more than slow growth is pretty hard when bootstrapped; we exhausted bank loans pretty fast as they are too conservative.