Startup Funding Espresso - Break the Raise Down Into Milestones
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In raising funding it\u2019s best to break the raise into milestones rather than raising the entire amount of funding in one go. Milestones are typically broken out as follows: Raise $250K from family and friends to build the initial product and stand up the business. Raise $500K seed round from angel investors to finish the product and start engaging customers. Raise another $500K from more angel investors in a seed+ round to fill out the team and solidify the business. Raise $1M to $3M from venture capital to grow the revenue. If you raise too much funding at the start of the business you\u2019ll end up giving away too much equity. It\u2019s best to tranche out the raise and increase the valuation at each step. 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. For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group