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Andrew is the co-founder and CTO of Parse.ly , a technology startup that provides big data insights to the web’s best publishers. You’re trying to discover a product that will work for some market, while also being a hugely motivating space for you and your cofounders to work in for (potentially) ten years.
Ten years ago, Ward Cunningham published a Youtube video that introduced the concept of “technical debt” to the world. Of course, a certain amount of initial capital without financial performance is absolutely necessary to get a business off the ground, especially in regulated industries.
Raising seedcapital is a tricky business. They come in lots of different flavors and stages of fundability. Most are making major mistakes in their approach when seeking capital. At this stage you’re essentially selling yourself and your cofounders.
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