So...you need additional angel or venture funding.
In the current economic climate, more companies have to hold on longer, and spend even more carefully, to survive until things improve. And, they will improve. They will improve...they will improve...they will improve. Repeat three times, three times a day and I'm sure our cosmic energy will combine to make it so.
In the meantime, if you find you need more investor funding to keep your promising enterprise going, where is the first place you should turn? Your existing angel or venture investors, of course. They have numerous reasons to invest in a follow-on round and there are many reasons that it is beneficial to you as well. The most obvious for both parties, is that you already know each other. Hopefully it will be unnecessary to re-familiarize your investors with your company. You've been providing quality, detailed, cross-functional investor updates on a regular basis right?
To read the full, original article click on this link: Did you say, "more private funding, please"?
Author: Lisa Hjorten
