Over the last five years as the CEO of Launch Tennessee, too often I’ve seen founders raise angel or seed funding, develop a product line and a small customer-base, but not gain any real traction.
First, they’re discouraged, and soon they’re out of cash. The worst part? They’ve convinced themselves, and often their board, that if they just raise that next round of funding, life will be good, and the company will be on track for success.
