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Should I Raise Money For My Startup?

Should I Raise Money for My Startup? By Steffen Thilsted (Thilsted.co • @sthilsted • @Birdback) ARE YOU BUILDING NO DON'T. IS YOUR STARTUP DON'T. A SOCIAL MEDIA APP? GO FIND ANOTHER CO-FOUNDER PROFITABLE? YES NO STOP WHAT YOU'RE DOING AND FIRST. INVESTORS DON'T GO FOR IS THIS THE FIRST DO SOMETHING THE WORLD SOLO FOUNDERS. YES ROUND OF FUNDING? HASN'T ALREADY SEEN. AWESOME. NO YES ARE YOU WORKING YOU MADE IT FAR, YOU NO YES ON THIS ALONE? MUST BE DOING SOMETHING RIGHT. IS IT MAKING MONEY NO IF YOU NEED TO MAINTAIN YOUR OR HAVE SOME REAL FIRST MOVER ADVANTAGE OR TO ARE YOU GROWING TRACTION? YES DON'T WORRY. GROW A LOT FASTER, THEN GO AS YOU SHOULD? IS THIS YOUR YES STARTUPS NEVER ARE. AHEAD AND FUNDRAISE. LIFESTYLE BUSINESS? FAKE IT. DOES ANYBODY KNOW? BUT ONLY TIL YOU MAKE IT. YOU YES NEED TO BUY YOURSELF SOME TIME NO YES ARE YOU JUST TWO TO GET THAT TRACTION BACK IN GET READY. ACTION. IT'S TIME TO PULL UP YOUR IS IT ONLY TO PAY YES BUSINESS GUYS YOU MIGHT THINK THAT IT'S EARLY TO START TALKING TO INVESTORS, YOURSELF A BETTER WITH AN IDEA? BEST SALES ARGUMENTS AND THOSE DO YOU HAVE MORE NO COMPLIMENTS YOU NEVER THOUGHT WOULD COME OUT OF YOUR MOUTH. THAN 12 MONTHS' WORTH SALARY? BUT THIS STUFE ALWAYS TAKES OF RUNWAY LEFT OR CAN YOU STAY BOOTSTRAPPED? YES LONGER THAN EXPECTED. INVESTORS NO WANT TO KEEP TRACK OF YOU FOR YES NO DOES YOUR STARTUP 3-6 MONTHS, SO DO START EARLY. YES ARE YOU SURE? HAVE REAL TRACTION? NO DON'T. BUT APPLY TO INCUBATORS DON'T. WHAT'S THE RUSH? OR ACCELERATORS. THEY MIGHT YES IT WOULDN'T BENEFIT EITHER DON'T. NO BE THE NATURAL NEXT STEP. IF TAKE A CHILL PILL AND ENJOY YOU OR THE INVESTOR. FOCUS ON BUILDING YOUR YOU NEED A COMPLEMENTARY THEY WON'T TAKE YOU, THEN THAT YOU HAVE PLENTY OF TEAM AND AT LEAST ONE TECHNI CAL YOU ARE NOT READY YET. MONEY IN THE BANK! BUSINESS INSTEAD. FOUNDER. SAYING THAT YOU WILL ARE YOU A HARVARD OUTSOURCE IT ALL TO INDIA WON'T WORK. YES CS MAJOR OR SIMILAR? IMPRESSIVE. YES EVEN THOUGH YOU COULD ALMOST NO ARE YOU TARGETING NO FUNDRAISE ON THE TEAM ALONE IT HALLELUJAH! A •$IB MARKET? HAVE YOU DONE YES MIGHT BE SMART TO APPLY FOR AN WHAT ARE YOU WAITING FOR? A "SUCCESSFUL" ACELERATOR OR INCUBATOR. COULD YOU PIVOT INTO GO CONVINCE HIM THAT YOU WILL STARTUP BEFORE? NO TAKE OVER THE WORLD. JUST MAKE YES A BIGGER MARKET? SURE HE KNOWS THE "SMALL" RISK DON'T. NO HE WILL BE TAKING. WAIT UNTIL YOU HAVE NO TRY. DO YOU HAVE A ENOUGH TRACTION IN YOUR YES BUT CONSIDER GETTING A VERY RICH UNCLE? TARGET MARKET-THEN CO-FOUNDER FIRST. THAT WILL DON'T. GO AND FUNDRAISE. IS IT GROWING MORE REALLY HELP YOUR CHANGES, GET BACK TO WORK. YOU CAN'T THAN 10% MONTH YES AND YOU'LL HAVE SOMEONE TO NO FUNRAISE ON A POWERPOINT OVER MONTH? SHARE THE CHAMPAGNE WITH. PRESENTATION ALONE. Looking for investors? Go to thilsted.com/hack to get all the investors you need.

Should I Raise Money For My Startup?

shared by sthilsted on Mar 20
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I have raised more than $8M for 3 different startups and I still find it hard figuring out when and if to raise money. Are you and your startup at the right stage? Are you building the right thin...

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