The economy is indeed making its way out of the major trench it fell into back in 2008, but the struggle is nowhere near over.
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I started my company a few months ago and I have always been on guard for potential funding that would help me grow it faster. At the very early stage...
I wanted to dive a little bit deeper into some common misconceptions about the process to help some entrepreneurs who are going through the process currently.
Now would be an ideal time for someone to create a more comprehensive database that keeps track of the success to failure ratio at each of these accelerators.
If some VC had cut you a check for $5 million back in year one, you might still be flying blind, with no idea of how your business should function. Better to start in your basement and sweat all the details from day one with a skinny checkbook.
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