CHAPTER 7

Money, Investment, and Partnerships

The Necessary Evils of Finding Money

Premise

Raising money for your venture is a necessary evil. It’s not enjoyable, easy, or fast, but every venture has to do it. It will be the ultimate test of your personal strength and grit.

Conventional Thinking

No matter what you are doing, it needs to be funded. Many a great idea has ended up in the dumpster because it lacked adequate financing. Don’t be fooled. Fund-raising is brutal and it will test your belief in your venture and your ability to withstand invasively close scrutiny.

Traditional thinking is that you launch your startup with the money that you and your friends and family kick in to get you going. It is a funding imperative that the company’s ...

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