Successfully closing startup funding from investors takes planning. Starting from your earliest seed rounds with convertible notes and/or SAFEs (Simple Agreement for Future Equity) through to larger VC (venture capital funding) for each step you need to identify fundable milestones which, when you reach them, give you access to the next stage of funding. Each milestone has to be reachable with the resources you have available at that stage, and, when you reach the milestone, it needs to provide you with the credibility and traction to provide access to the next source of capital that can provide enough funding to fund your next milestone. You have to think multiple steps ahead to be successful! And you need to do enough of a cash-flow projection to know how much funding you'll need for each milestone. The size of a funding round is not a guess - it's based on what you'll need to reach the next milestone!
23 фев 2021
