“How much money should I raise?” asks the new entrepreneur to anyone who will listen. The answers, unfortunately, are all over the map: “Nothing! Bootstrap”; “As much as you can”; “Ask the investor”; “Enough for the first six months/one year/two years”; “Plan at least two rounds ahead”… Being an entrepreneur is tough!
I raised Angel and VC money for two startups of my own, and for four others as a consultant. Now I license MIT’s energy IP to startups, and we make sure they are adequately capitalized before we issue the license. Here are some suggestions on how to approach the “how much should I raise” question. Of course, I am assuming that you have already convinced the investor that you have (a) the team, (b) the opportunity and (c) the advantage that they are looking for. Focus on those three first!
To read the full, original article click on this link: How much money should an entrepreneur raise? - Mass High Tech Business News
Author:
Christopher Noble
