Startup Advice includes 44 recommendations. A few of my favorites pieces of advice are :
30 recommendations. My favorites:
- Do You Really Even Need Venture Capital?
- A 6-Step Relationship Guide to VC
- The “Triple Play” of VC Presentations
“If you’re in the more likely situation that you can see how to get your business from $1 million this year to $3 million within 3 years and maybe $8 million within 5 years then VC may not be for you. VC’s aren’t looking for companies that are doing $15 million in sales in 8 years from their investment. In this scenario I advocate a combination of bank debt, venture debt, small equity raise ($1-2 million) from high net-worth individuals. These people would be thrilled with a company that could potentially double or triple their money. VC’s would not be happy with this outcome.”For more on Angel Investing, here is own of my recent posts.