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Out of context: Reply #71539

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  • BusterBoy0

    So we're now at the point some decisions need to be made. One of my partners wants to go down the path of getting seed funding from a larger firm or investment bank...along with hiring an experienced CEO ($300K+ and Options).

    My thoughts are this is probably jumping the gun at this point. I think we need to bootstrap a bit more with some lower level seed funding and leave the CEO stuff until a Series A type funding round. I think we'd have to give up too much at this point otherwise.

    It's all interesting and I suppose most startups confront decisions like this.

    BusterBoy 0Permalink
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    • all in and cash out. today is not a tim for responsibility or longevity. its getting the stupid ppl funds before lending dries updeathboy
    • greed is fuckin good!deathboy
    • Careful. I'm in this business and financial engineering is the name of the game right now for VC/PE, etc. Good luck.ben_
    • You need to be on "VC twitter" for talk like this...if you need guidancegrafician
    • If you can keep the company closely held, do that. VCs/banks just want to cash out asap. Hire talent around you to fill out the mgmt experience needed.monNom
    • ...says someone who has never run a hyper-growth business. But if Zuckerberg can be an effective CEO, I think you've got a shot.monNom
    • I've heard it's best to bring on external funding when you have your product/market fit and just need to scale up.monNom
    • When every borrowed dollar returns more in the near term. If you don't have a product, the money is too dear, and too hard to pay back.monNom
    • Yep, I don't imagine it's hugely different in oz (and you could be dealing with global vc/pe firms) but get a lawyer who has dealt with these acquisitionsben_
    • and/or funding proposals within the past 6-8 months. The world is changing quickly in regards to how they find profit for shareholders and it's ruthless. I'm byben_
    • no means suggesting you aren't aware of it. I've just seen it happening so frequently lately, and companies are dissolved right under the founder's noses.ben_
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