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Rule 8: Work Your Money Mojo
Get your executive team to agree on a common financing strategy so you don’t have disagreement among the ranks in mid-stream. Losing an executive mid-deal can destroy a financing. Once you and your team agree on the strategy and target, start knocking on those doors and testing out your financing pitch. Have a backup plan plus a backup plan to your backup plan!...Always be in fundraising mode: you can sometimes keep potential investors and financiers on the back burner for a future financing. Once you do all these things, you’ll be well on your way to funding your company so you can achieve that next milestone.
Resources:
Effective Board Reporting
Due Diligence Checklist
The Value of Founder's Stock
