You have a great concept, a great team, and are prepared to quit your day job and do anything to get your startup off the ground. The problem is, not a single soul seems to be interested in investing in your startup. Maybe months have gone by without hearing back from a single angel, investor pools, incubators, accelerators, or precelerators. Your savings account may be dwindling down and the thought of forking over another $800 to the California Franchise Board to keep your company alive is making you cringe. What are you doing wrong? Here are some tips to help you diagnose your startup woes and try to get your startup back on track.
The Fundamentals. To raise money for your startup, you need to make sure you have the fundamentals down. The most common reason investors sour on startups is that the startup does not have the core characteristics that suggest probable viability of the business in the long-term. Think of it as ship-building – how will you
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