article thumbnail

Fund Raising is a Means Not an End

Steve Blank

If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. How much do they need to own at a liquidity event?

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

If you’re a scalable startup, you want to spend small amounts of money (seed capital) as you run experiments testing your hypotheses. In normal times, when there aren’t dollars to undo mistakes, you use Customer Development to find product-market fit. How much do they need to own at a liquidity event?