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How to find funding for your hardware startup while we’re waiting for the hardware revolution

Version One Ventures

To increase your chances of venture capital financing, you’ll need to lower the risks as much as possible, such as: Bootstrapping as long as you can to get a working prototype into the market. However, there’s a challenge when your investors are also your customers. Following an iterative manufacturing process.

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What every entrepreneur should know about financing right now

Version One Ventures

If not, revenue from your customers will be your best source of financing. That’s okay: many great companies have been built by bootstrapping. There’s a lot of “easy” early-stage money floating around right now, but don’t get fooled into taking seed money if you don’t have a viable path for later rounds.

Finance 167
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Q&A: How To Deal With The Trough of Sorrow? And tips for bootstrapping companies

Rob Go

The best trick I’ve heard (which is actually really hard to do) is to talk to customers, but to do it from the perspective of a skeptic. We want to bootstrap as much as possible and believe we can because we should be profitable by summer (not a lot of profit, but some). Be brutally honest with yourself.

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Why I cringe when you say you’re raising a $1.5m seed round.

Hippoland

Company A: -Raised a seed round of $500k -Now raising another seed round of $2.5m to expand the business Company B: -Raised a seed round of $2m -Now raising another seed round of $1m to expand the business Should both companies successfully raise, they would’ve raised the same total amount of seed money - $3m.

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Busted or Confirmed? 3 Common Myths About Starting A Business

crowdSPRING Blog

William Bygrave, an entrepreneurship professor at Babson College, cautioned in an article for The Wall Street Journal: What we really don’t want to do is literally spend a year or more essentially writing a business plan without knowing we have actual customers. Successful entrepreneurs move quickly.

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From Nothing To Something. How To Get There.

techcrunch.com

Also if one has a portal that is massive in ideas such as Yahoo, Facebook, Google, Twitter, and YouTube combined like my own without third party back ends it cost a pretty penny to build a custom one if one did not know about clones etc. Thus engineers who have the know how would be an asset. All what you said is so true. How To Get There.