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Thanks for the reply. More revenue solves problems. I think the core problem isn't growth though. It's the expectation of a really high rate of return on angel
by tiredofrenting 17y ago
Thanks for the reply. More revenue solves problems. I think the core problem isn't growth though. It's the expectation of a really high rate of return on angel investment.
I was really wondering if taking investment for fixed asset purchasing was typically done. From the general silence, it sounds as if taking out a mortgage would be the most practical thing to do.
I appreciate the consideration put into the reply. Food for thought, especially in the second last paragraph.
- nobody_nowhere 17y agoThe angels I've met are looking for stratospheric upside when there's high risk. Proven, ongoing revenue puts you in the driver's seat. You've cut the risk of an investment dramatically relative to a buying into a couple of 22 year old guys with just a wacky idea that has a minuscule chance of a 100,000% return. You need a different kind of investor than the ones who are playing startup roulette. They're out there. There's a lot of money looking for a new home.