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The first milestone in a new startup’s financing is called ‘Seed Capital’ which refers to the initial investment raised by the founders from their friends and family, or commonly referred to as FFF (Friends, Family and Founders), who mostly use their personal assets. Convertible Debt Financing. Raising Seed Capital.
What’s the concept of all of this that you’re talking about and then in financing? I just thought it was a good question to set the context of lean planning and when somebody should use it, because so many of our webinar attendees are in the process of getting financing. Tell your angel investors a story about need.
He is Director of the Leatherby Center for Entrepreneurism and Business Ethics, and Chairman Emeritus of the Tech Coast Angels, the largest angelgroup in the United States. It is not that strategy, finance, and operations are not important, but rather failure of the business is more likely attributed to people issues.
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