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He also said he should have been more frugal with the money they had, and focused more on developing product instead of chasing investors. I agree. As an inves
by davros 14y ago
He also said he should have been more frugal with the money they had, and focused more on developing product instead of chasing investors. I agree.
As an investor I'd look for a business like this to be break-even after 12 months then aim for 100% growth funded from cashflow or 200% with a modest additional investment. VCs will be interested and bring big dollars after you've reached a critical market threshold, but in the mean time you're building a real business.
Cash invested should match your ability to use it effectively, but as in this case it can distort your priorities by making your day more about getting more investment than creating a great business.
Amir, stick with it. Focus on building a rapidly-growing busines. If you do need more investment, keep it to the minimum and be really clear on what you're going to achieve with that capital. If you're demos are already that good, you should be able to find the money.