Startup ventures receive a lot of attention. It indeed is glamorous to be running a startup. Or at least it appears so from the outside. Startups are a LOT OF WORK. It takes a lot of perseverance, patience and persistence to take an idea, create a startup and then build a business out of it. You will learn 10x more at a startup than someplace more relaxed and cushy.
Raising funds is great news for a startup. But, its just one of the many milestones along the way to your metaphorical destination (the goal). If this was a road trip, initial funding is analogous to filling up your tank (mostly on borrowed money) so you can reach the next fueling station.
You are in uncharted territory, you think you have a general direction and there is no defined map to your destination whatsoever. No ones been there before, your path isn’t paved & there are no road signs along the win.
Picture navigating through a vast desert with limited water. It can be done if you either get lucky (some do, most don’t) or if you move economically, get the most mileage out of your fuel, make mindful decisions (almost all the time) when making left or right turns or not and have a method to your madness.
Focus and calm will get you there, just stay prepared to outlast whats thrown at you. Things will go wrong, just make sure you know to correct them and do it all before time runs out!
I hope you see why, its just the start. So… Congratulations, you just got funded! One of ‘n’ variables, under control 🙂
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Show comments Hide comments[…] Once you have established that you have a decent understanding of the problem and can build some comfort in your audience that there is some chance of you solving this problem then you can start talking of raising funds. A startup generally needs outside funds for their high-risk high-rewards venture. This is where angels or VCs come into the conversation. See my note So you just ‘raised funds’. Good! But the journey has only begun […]