Here’s how to take stock and make the right call:
Create the right buzz in the right circles
We’ve got a series of steps and considerations for you to figure it out yourself. You should consider raising funds only when…
1. You’ve garnered enough interest
You may still be working on an MVP or prototype but already have enough interest in your product or service.
2. You have a six-month-long runway
Start looking for funding before you absolutely need it. Maintain at least a six-month-long financial runway to last you while you pitch investors, have conversations, and secure investment.
3. Ask yourself- Do you really require that external expertise?
While raising funds, with access to additional capital comes external expertise and resources to your business as investors work to get you exposure. Make sure you NEED it.
Read the blog to learn more- bit.ly/3UGBqV2