Mark is wrong. I personally know of a handful of companies in that exact same situation and most importantly that have good traction and the cap table NEVER came up once, and each of these companies have raised in excess of $1m in seed funding from great investors this year. Especially if your ...
Long story short: they should be written in your tense, since they are actually written by you, on your behalf. When asking an acquaintance for an intro, make sure you provide enough context for your acquaintance to justify making the connection: - clarify how you're connected; - mention the na...
I am a corporate lawyer and business adviser for over 7 years. I worked mainly in Israel, "the startup nation" and at least twice a year an entrepreneur comes over with a similar question. Don't know how to say it better but straight forward - no one EVER starts as a billion dollar company. Did y...
Vehemently disagree with Noam that you should spend anytime on a business plan. You should be spending *all* of your time getting your product to market. The likelihood of any investor investing at the pre-product level is low. While it does happen, it is almost always when investing in a prove...
I'll provide a generalized answer to the question with the caveat that there is somewhat of an exception with Israeli companies but even there, it's more of an exception than a normative behaviour. Angel investors are likely to invest anywhere in the world wherever there is an amazing company wi...
Sounds like you're doing a great job already. Well done. Based on the continuous increase in growth, and assuming that there is a growing market for your product, it shouldn't be too difficult to find an investor. What you would need is to create 2 investor pitch decks (presentations): one whic...
I will never recommend you to stop ever. Stopping is not the solution, pivot also may not be the solution. All you need is to 'Focus' and little motivation. You thought it right, you need a mentor, a consultant or a guide who can identify your strengths and let you focus upon it. A daily dose of ...
Since you mentioned you're raising a seed round, I strongly suggest not using an investment banker. At the seed stage, VCs are investing in you more than your business—putting a banker in the middle will do you a lot of disservice. IBs are typically used for Series B and beyond. I also noticed...
Build a great product and get some early traction. Assemble a top-notch term of co-founders. Understand your space like nobody else. Be good at telling a great story and communicating your vision.
Everyone thinks they will be the next big billion dollar company. Ideas are worthless without execution. Part of the equity equation will be based on the founders, their track record and how far along the idea is. Other factors include the market, your timing around fundraising and if you have an...