My Photo

Google Analytics

Twitter Updates

    follow me on Twitter

    « Mobility Conference | Main | Who is this guy TED anyway? »

    Comments

    Vinit

    Rob,

    Too often, startup people like myself have to decide along these lines. But the scary part is always "I don't want to ask $x and then, find out that it was miscalculated and should have been $x + $y"

    At best, looks like I miscalculated. At worst, looks like we spent way over our initial budget/forecast.

    Rather over-demand and deal with keeping ourselves focused even with "lots of cash" than under-request and deal with having to look like we spent a lot.

    What would you recommend in this situation? How to go back and ask for more money (just because we were over-zealous the first time around) prior to meeting milestones?

    Vinit

    Also, when putting up powerpoints on the web, try www.slideshare.net ... great concept (I'm not affiliated, just a happy user)

    Robert

    Vinit,
    Agree that deciding how much to raise is often a dilemma. I would recommend putting in a reasonable margin of error that you and your investors agree are prudent. Then pick your investors as if they were your partners, which they should be. If you fall short on your goals for the right reasons, but make good progress then they are likely to continue to support you.
    The law of averages and my experience tell me, in most situations raising too much money won't solve the problem. My partner Stu has an interesting post on this and points to an informative WSJ article that seems to have data to prove that point. Check it out http://1vc.typepad.com/soaring_on_ridgelift/2006/11/get_big_fast_go.html

    The comments to this entry are closed.

    Add to
Google

    Subscribe in
Bloglines

    Flickr Album


    • www.flickr.com
      This is a Flickr badge showing public photos from RobertGoldberg tagged with tblog. Make your own badge here.