Questions

Looking to bring on investors to take my company further along. I am nervous about diluting myself to early and then needing more funding which may leave me vulnerable later on.

You have every right to be concerned. Just assume your project will take longer and cost more than you currently budgeted - even if you already "padded" the costs by X factor.

If you do not want to give up control of your company, you need to control the shares. Board members, including you, can be replaced by majority shareholders - if they all come together and agree.

Do you have a solid business plan and financial forecast?

Consider this...Investors would rather see a request for more capital to do the project "right" than to see a skinny, bootstrapped forecast with the founder living on Top Ramen. The latter shows little confidence while the former shows a well thought out plan.

Give me a call if you have any other questions or want to explore this one further. I offer a free one hour consultation to all first time clients. Just schedule the call with this link:

https://clarity.fm/kevinmccarthy/FreeConsult

Best regards,

Kevin McCarthy
Chief Strategy Officer
www.kevinmccarthy.com


Answered 6 years ago

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