Remove Revenue Remove Seed Money Remove Technical Cofounder
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Timing: When to raise seed funding.

Scalable Startup

High growth startup companies need seed money to get things going. They need the money to rent offices, hire staff, and establish their initial presence (website, incorporation, marketing). At this stage you’re essentially selling yourself and your cofounders. Without funding most tech startups will die.

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From Nothing To Something. How To Get There.

techcrunch.com

Post launch, if you gain traction, is where the business person will help take the load off of the technical folks. The business person can take all the meetings while the technical folks work on making the product better. Ron Oh and another factor to bring reality to the table - Sometimes you find out your cofounders suck.