Savvy Entrepreneurs Look for More Than Funding

Posted by martinzwilling under Startups
From http://blog.startupprofessionals.com 4170 days ago
Made Hot by: OpenSourceMedia on June 21, 2013 11:47 am

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. That’s like trying to sell part of something to a stranger for big money when you haven’t fully defined it yet. It won’t work, it costs time and money, and hurts your credibility when you need them later.

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Comments

Written by AngelBiz
4164 days ago

Absolutely agree. Venture firms and angel investors bring more than just money when they invest in your start-up. The knowledge and experience along with the contacts and network adds lot of value to your start-up. That's why it is important to evaluate them on more than just the money they invest.

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Written by bigmoneyweb
4170 days ago

When it comes to building any form of business, i always believes that the ideas and plans comes before the funding. If you've made plans for the funding of a business without having an idea of the business you want to start, it makes no sense at all therefore, i agree with all you said here. Thanks for sharing this with BizSugar community.

Val

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