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My (limited) experience with funding is the opposite. Rather than request an experienced head of marketing, they wanted an experienced CFO to be the adult in t
by mathattack 13y ago
My (limited) experience with funding is the opposite. Rather than request an experienced head of marketing, they wanted an experienced CFO to be the adult in the room.
I think the question of funding comes down to, "Would you put this on a credit card with a 30% interest rate?" If the answer is yes, and you don't have the credit card available, then funding is ok. The reason is that you're expecting a return much better than 30%. If funding can give you a product edge so that you're winning 5 enterprise deals out of 10, rather than 2 out of 10, the numbers will probably make sense. If funding allows you to do a marketing campaign with real analytics and AB testing that will change your growth rate from 10%/month to 20%/month, it will probably be worth it.