PM_ME_YOUR_WIKI@alien.topBtoStartups•How much traction do you need before raising?English
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1 year agoDepends how much you want to give up.
I have experience with both ends of the spectrum.
I raised $100k for my side project off of 10 slack and LinkedIn messages saying. “I would buy that if it existed”. I would NOT recommend this generally but I’m a marketing guy and had an idea in biotech that I could market but had no idea how to build.
On the other hand I helped a company I worked for get an exit by focusing on revenue and expected growth based on years of data.
If you can accomplish the basics of an MVP and good messaging I wouldn’t raise.
What problems are you facing that giving up 30%+ to VCs would solve?
Depends how much you want to give up.
I have experience with both ends of the spectrum.
I raised $100k for my side project off of 10 slack and LinkedIn messages saying. “I would buy that if it existed”. I would NOT recommend this generally but I’m a marketing guy and had an idea in biotech that I could market but had no idea how to build.
On the other hand I helped a company I worked for get an exit by focusing on revenue and expected growth based on years of data.
If you can accomplish the basics of an MVP and good messaging I wouldn’t raise.
What problems are you facing that giving up 30%+ to VCs would solve?