Tuesday, October 15, 2013

Advice From An Investor

I had tea recently with an angel investor, and got some really good advice. Here's some of it:

-you can have too much money.  The biggest mistake she's seen startups make is to waste money on things like nice office space, equipment etc.  Do it with bubblegum and inspiration!

- debt is better than equity when going for more money later on.  Don't give away more of the company.

- the unexpected need for money is what often sinks startups.  Plan for how we will finance the large order that comes through.

- execution is key.  There are plenty of good ideas, but it is the people doing the work that makes or breaks a startup.  You have to have both a good idea, and good people.


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