Kevin Whitsitt
How do Startups get Funding
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:09:22
- More information
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Synopsis
Click on the link below to discover tools and special methods that can easily double your affiliate sales. http://bit.ly/2D2WflG Hello, today I want to talk about how do startups get funding and a few thoughts on this. I'm in the middle of reading the book “Power of Broke” by Damian John. As you can probably guess he feels that overfunding is a big mistake for a business. I'm going to talk about where to get money soon, but first I want to talk about the dangers of took much money. When an entrepreneur takes on too much funding too early it sets the person on an artificial hight that lifts the person way up way up to where you won’t even be able to see your bottom line. For example, say you are just getting going on a startup doing 50k in sales. You want to grow the business and you have a number in mind at that is $200k. You decide that $200k will net your investor a 30% stake in your company. Running the numbers it seems like a great deal for both sides. According to Dam