Lottery Effect
Raising funding can have the same effect as winning the lottery. Those who raise funding are both exhausted and exuberant. It\u2019s a big win for the team and promises a brighter future for the company.\xa0 Just like the lottery, the sudden inflow of cash can change one\u2019s perspective.\xa0\xa0 Be careful to keep your spending in line during the times you are flush.\xa0\xa0 A leading angel investor once said, \u201cThe IQ of a startup is inversely proportional to the size of their bank account.\u201d Stick to your plan and don't let the influx of cash lead into mission creep or overpaying for standard services. Stick with your original goals and don\u2019t let the funding change your spending. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today!