Four Things Every Founder Needs To Do When Seeking Funding
Chris Lynch of Reverb Advisors shared a post on LinkedIn titled “Don’t Get Played: The four things every founder needs to do when they seek funding.”
The post shares four things every founder needs to do when seeking funding. Lynch goes into more detail on the items below in his post.
1. Raise capital specific to the demands of the company, not to the demands of the fund.
2. Develop a criteria of what you need from your investment partner. (Hint: it shouldn’t just be money).
3. Run parallel processes and get multiple term sheets so you don’t get played.
4. Understand your founding team. You want people to bring different things to the table.
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