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Author & Co-founder here. Sorry if this sounded that way. I didn’t in any way try to imply raising money = success. In fact raising capital pushes you to succe
by Cherian 14y ago
Author & Co-founder here.
Sorry if this sounded that way. I didn’t in any way try to imply raising money = success. In fact raising capital pushes you to succeed faster, which in some ways is not the right strategy IMHO. You need your organic growth.
That said, with Cucumbertown the relationship with our investors have grown to such a level that money has become least of the value they have added to our startup. You essentially have people on you side who can open doors for you with an email or phone call. These investors are mostly entrepreneurs of previous era who have incredible insights and connections that spell the difference between success and failures. Cucumbertown, 4 weeks into launch has 2-3 such examples already.
Cucumbertown didn’t intend to raise funds. It happened to us serendipitously. In retrospect, that’s probably the best thing that happened to us yet from a business development perspective.
- nlh 14y agoNo apologies necessary - and your point is great :) Good investors definitely add to your network -- the definition of "smart money" (vs "dumb money") is that you're taking on a partner who's going to help you in more ways than just paying the bills. Thanks for writing up your experience Cherian and good luck with Cucumbertown. Looks like a cool site.