Mon, 14 October 2019
Today, we’ll talk about should you raise funding and if so, how much should you seek. - Funding accelerates what you already have going in your business today. You should have a core process for acquiring customers and providing a service. If you don't have it then funding at this stage will only hurt your business. It's best to continue testing your core business model till you know it works. It's important to find the best channel for acquiring customers and at the most efficient cost. By stating your core business in numbers, you now know what it costs to grow your business. - What is the best source of funding for your business? So, if you decide to raise equity funding, how much should you raise? - Raise enough so that it will take your business to the next level. Think about the position you need to achieve in order to raise the next round of funding. Your fundraise should take you there and set you up for the next raise. Your valuation in any startup is low at the beginning. Raising too much money at a low valuation will end up giving away too much equity. For those with larger fund raises you may want to break it down into several milestone steps in which case you can raise your valuation for each step as you achieve more revenue. Thank you for joining us for the Startup Espresso. Let’s go startup something today!
Direct download: 246_--_Startup_Espresso_--_Should_you_raise_funding.mp3
Category: -- posted at: 1:10pm CDT |
Mon, 14 October 2019
On this episode, Hall welcomes Ben Faubion of Reactive Canvas, and Austin-based digital design firm specializing in startups. He talks about how design has evolved over the years into a more strategic, problem-solving service. He explains how design is often becoming more and more integrated into a startup's vision, and a focus throughout the various stages of product delivery. |