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Thats another thing the seed investors at this talk harped on. Don't try to hit a home run right out of the box. Start out small and try to self fund early on.
by jsjenkins168 19y ago
Thats another thing the seed investors at this talk harped on. Don't try to hit a home run right out of the box. Start out small and try to self fund early on. Once you are starting to prove yourself, and can back up your claims with customer references and numbers, then you should seek funding.
Doing it this way will make investors more confident that your venture can succeed, increasing your chances of being funded and improving the terms of the investment. At least this is how they explained it.
- edw519 19y agoThey suggest this to minimize their risk. I suggest it to minimize their equity.