Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time. They approach key potential investors way too early, trying to talk their way up the hill, with no supporting business plan, and before they have a support team around them. Needless to say, they usually get shot down, and get no second chance.
The first rule is to separate your advisors from your investors. Perhaps a close personal friend can be both (the earliest stage and first tier investors should be “friends and family”). But for Angel investors and venture capital investors, just remember that investors are not on your team (yet). You only get once chance to make a great first impression.
To read the full, original article click on this link: Startup Professionals Musings: 5 Military Lessons For Entrepreneurs Raising Money
