Start Ups raising funds

Michael HummelMichael Hummel • Following • FollowingFounder of Establish - Angel Investor. Learn More at Establishpr.comFounder of Establish - Angel Investor. Learn More at Establishpr.com

If you build a startup with the mentality of not "needing" to raise money, you will always have the option to raise money. Here's what I mean 👇

The current founder model:
1. Get an idea (maybe make MVP)
2. Raise money for idea/MVP
3. Use investor's money to test in the market
4. Run out of money
5. Try to raise more money and wonder why people are saying no

This may have worked in the past, but those days are far behind us.

Here's how to attract capital:
1. Get an idea & build MVP
2. Sell the product
3. Get customer feedback
4. Use money from sales to make the product better
5. Continue to sell products & aim for profit early on.

If you do this new model while scaling your company - investors will be lined up at the door to give you money.

I made a 17-page guide on exactly how to attract investors. It's the new model all startup founders need to thrive in 2024.