Practical Advice for Raising Early Stage Venture Capital ? HBR ...

September 6, 2012 ? 11:37 AM

Good read on startup?s funding and venture capital ? practical tips and advice.? All entrepreneur?s read recommendation.

Excerpt:? Most great businesspeople I?ve met would correctly advise an entrepreneur to avoid raising money if possible. Easy for them to say, right? But there are good reasons to bootstrap. First, you maintain control of the company. Second, maintaining control allows you to experiment and learn where the business is ?naturally? going. Third, if you own the company, you can have a great exit at a low price. Fourth, if you?re able to build the company without significant outside capital that may mean your business has even more ?real? legs.

But raising venture capital is sometimes a great idea. If your business has high velocity, high margins, and a huge market, venture may be a good road for you. There are some helpful resources out there on venture terms, good venture funds vs. bad ones, and questions you may want to ask a venture capitalist if you meet one.

The notes below are practical working tips on how to go about navigating venture capitalist conversations. Some of these might be surprising or seem hard to follow. But, in my experience, they?re good medicine.

Read full article via Practical Advice for Raising Early Stage Venture Capital ? Michael Fertik ? Harvard Business Review.

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Source: http://bjconquest.com/2012/09/06/practical-advice-for-raising-early-stage-venture-capital-hbr/

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