This was a perspective I missed during our fundraising activities. How much is really enough for a startup during its fundraising stages? I’ll admit that we never knew the right answer- sometimes it felt too much. At other times, it felt like we weren’t asking enough. The question is – where do we draw a line and say – this is what we need for a certain stage of the startup?
For an early stage startup, valuation is very difficult. The best way to do this is to find a competitor or a similar business. Make an assumption about a % of market capture to give you an idea for initial valuation. Ultimately your startup value is based on
Discussion about key resources available for learning by doing in a startup. For a boot strapping startup, it is very essential to have access to free resources for skill development. The skills alluded in this discussion are tangible sources such as online courses, mentors and business accelerators.
Some of these resources can be put into use straight away and provide a direction for your startup to grow. Most resources highlighted in this section are free or have a boot strapping route highlighted.