Comment Comment by micah63 Summary:1 - Seed money is given on promise2 - How to get VCs to invest: Build something people want + talk to users + focus = 10% growth3 - Be default alive, which means: existing cash + revenue - consistent expenses gets you to breakeven*How to shoot yourself in the foot: Overhire -> Default Dead -> Ugly Duckling -> No VC parent micah63 10 years ago
1 - Seed money is given on promise
2 - How to get VCs to invest: Build something people want + talk to users + focus = 10% growth
3 - Be default alive, which means: existing cash + revenue - consistent expenses gets you to breakeven
*How to shoot yourself in the foot: Overhire -> Default Dead -> Ugly Duckling -> No VC