[AUDIO] You might be trying to raise too much money
I’ve recently started thinking about the idea that a lot of startups (and internal innovation projects) don’t think about their capital strategy. They think about product, market, talent, customer acquisition and other strategies, but not about the ways in which HOW, WHEN and WHY they’ve raised money impacts their ultimate outcome.
I think one prevailing result is lots of teams raising too much money with no honest and clear perspective on what that money does for them. In short they’re not right-sizing their capital.
I decided to talk about this for 2 minutes on my first Bumpers.tv (very cool mobile service btw!) minicast.