ProfessorVC: The Most Important Venture Capital Statistic
Professor VC
JANUARY 20, 2009
Evaluate Business and Financing Needs - We initially went out seeking $10 million in financing, but listened to the prospective investors and watched the market. Mid-way through the process, we took another cut at our business plan and built a model where $5 million would be sufficient to get us beyond breakeven. ► 2010.
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