1) Cash In Reserve — At the early stage, especially seed, chances are you will keep pivoting till finding product-market fit. At Tau Ventures we advise entrepreneurs with four main principles: to start fundraising at least 6 months before running out of cash to raise 10% more than what their plan calls for to keep that 10% for emergency to have a strong syndicate that will be active (usually in the form of a lead) rather than a party round of many investors that will be passive. That said we have seen almost every conceivable situation, from startups raising small…...
Pivoting Your Startup? 4 Ways To Do It Right
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