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8 Keys To That First Investment From People You Know

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. You see, investors invest in people, before they invest in ideas or products. If they won’t do it, they why would I as stranger invest in you?

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8 Key Actions for Entrepreneurs Needing Early Money

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. You see, investors invest in people, before they invest in ideas or products. If they won’t do it, they why would I as stranger invest in you?

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8 Guidelines For Friends And Family Startup Funding

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. You see, investors invest in people, before they invest in ideas or products. If they won’t do it, they why would I as stranger invest in you?

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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

VCs don’t have the same net worth litmus test and great entrepreneurs have a ton of sources for seed money to get financed very early. Servers, databases, bandwidth – they’re all virtual now. You have kids, a mortgage, MBA debt? Not my problem.

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Choose Your VC Investor Carefully

Both Sides of the Table

For example, a recent phone call I had with a young entrepreneur straight out of one of the most prestigious engineering schools in America he asked, “I have an offer for $400,000 in seed money but the VC wants me to agree now to bring in a new CEO.&# This company is doing its SEED round and they already want to bring someone new in.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

They both raised angel / seed money of $1.5 Let’s consider the following two software companies, both of which have 66% gross margins. Both companies look the exact same after one year. million to fund operations in their first year of operations. Both companies lost $1 million in their first year.

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Early-Stage Startups Need Friends, Family, and Fools

Startup Professionals Musings

Since they don’t know you (yet), their first integrity check on you as a person is whether your friends and family believe in you strongly enough to give you seed money for your new idea. You see, investors invest in people, before they invest in ideas or products. If they won’t do it, they why would I as stranger invest in you?