10,000.00 in cash,10,000 in convertible notes? My start-up is a 4 month old private accelerator, where the team uses their business and tech skills and their connections in order to take my start-up to a series a.
I'll tell you what investors told me - without someone else in the business, you don't have a business.
Of course, everything depends on the particulars of your specific situation and what you are looking for. But if you're looking to raise funding, they are going to want to see a team. A) so that you pass the "bus test" - that is, if you got hit by a bus, would the business (and their investment) continue to exist? And B) because investors weigh the strength of the team almost above the strength of the underlying technology or service.
Answered 8 years ago
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