1. 11:52 29th Jun 2009

    comments:

    reblogged from: hiten

    Even angel investors won’t fund companies that are focused on niche markets. Actually, you need to go after a big enough market that VCs will fund it, but not raise so much money that you start acting like a big company. In other words, build a lean, capital-efficient startup going after a big opportunity.
    — 

    Ten unconventional wisdoms for funding startups | VentureBeat (via hiten)

    Great article. Here’s the 10 8. I’ve starred the ones I strongly support:

    1. Valuation is temporary. Control is forever.*
    2. The less you raise, the more it matters.
    3. If you want advice, ask for money.
    4. Money has karma too.*
    5. Appearances matter.
    6. Forget the business plan.*
    7. Negotiate from power.*
    8. It’s not smart money.
     
     
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