BizSugar.com › Startups › Startup Professionals Musings: Every Startup Goes Through Distinctive Funding Phases

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.