It is a disruptive and niche startup with an initial market of 4.5M. Scalable vertically and horizontally. Top category, such as food and technology. But without traction.
I like David Favor's approach: Bootstrap if you can and raise money only when you have to.
If you do need the cash, however, convertible debt allows a softer approach to valuation than selling equity. Please let me know if you'd like to discuss further.
Best of luck.
Answered 6 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in