 |
Bootstrapping involves managing for cash flow, not profitability. That isn’t a long-term plan, but until you are sitting on a pile of cash, it’s the way to go.
|
087 |
 |
The foundation of a great meeting with potential investors is the research that you do beforehand.
|
111 |
 |
…raising money is a numbers game: you’ve got to make a lot of pitches to find one investor to write a check, so you can’t be picky.
|
134 |
 |
Investors are looking for people who can implement ideas, not only come up with them. Ideas are easy. Implementation is hard – and where the money is.
|
136 |
 |
The best protection of an idea is great implementation of the idea.
|
137 |
 |
A good rule of thumb for font size is to divide the oldest investor’s age by two and use that font size.
|
145 |
 |
…investors are not looking for detailed forecasts containing every conceivable line item. They’re looking for the big picture and trying to understand the kinds of assumptions that you’re making about your business.
|
154 |
 |
Shutting up, taking notes, and listening for ways to improve are good things to do in a pitch because even the smallest actions can create a big impression.
|
157 |
 |
In practice, the days of writing business plans are gone. Few sophisticated investors will read one as the first step – everyone wants to hear your pitch, not read your plan.
|
159 |
 |
…the hard part of starting a company is achieving viability, not fund-raising. What does it matter if you have the most fundable startup if it isn’t viable?
|
163 |
