Entrepreneurs need to understand their funding roadmap. Hopefully, it includes non-dilutive capital sources early in the game, and a conservative amount of dilutive capital sources as needed. When you are just starting out you don’t need VCs
There is no sure-fire way to prevent failure, but one can always fail smarter. Entrepreneurs fail smarter by understanding the basics of their term sheet, understanding how much capital is needed, and having an exit plan.
There is nothing wrong with recruiting a “banker” type to help you research the market, build a financial model, defend your valuation, and assist you with your investor selection and investor pitch. But in the end, the investor is evaluating you as a person.
The greatest challenge in building a company is determining where to focus our valuable resources – time, energy, and capital.
A winner is a loser who was relentless in his or her pursuit of success. Life is hard. 80% of
While advising entrepreneurs over the past six years, I observed distinct patterns amongst insanely successful entrepreneurs. I observed that those
Venture capital investing decreased by approximately 30% from 2011 to 2012. This left many companies unable to secure funding. So, where do companies go when VCs say no?
One of the top reasons companies fail is that they run out of money. That seems easy to avoid, right?
1) Get the Facts
2) Stay Alive
3) Keep Your Mind on Your Money and Your Money on Your Mind
Delivering a compelling pitch is Step 0 in building your company. Whether you are pitching to a customer, an investor or