When to Consider Outside Investment for Your Startup

Episode 211 | When to Consider Outside Investment for Your Startup
Date: 2014-11-18
Link: Startups for the Rest of Us
 
Startups for the Rest of UsBook: Zero to One
Book: Venture Deals: Be Smarter Than Your Lawyer
Problem/solution fit occurs before product/market fit.
Investors are looking for a way to accelerate the value of their money.
If you’re just coming on the scene and you want to solve a problem for a group of people you’re going to need traction to be taken seriously.
You typically want to take smart money (as opposed to dumb money).
Don’t take money from a first time angel investor.
Funding allows you to get somewhere faster.