Now, this is the kind of article Forbes is good at. Writing in forbes.com, Kevin Ready summarizes 6 reasons why you should seek external funding.<\/p>\n
The most important, to us, is that external funding reduces the risk to you and your partners, if you have any.<\/p>\n
It’s also a good validation of your idea, if you can convince someone else with money to part with it to support your enterprise.<\/p>\n
Launching with your own funds while seeking outside funding is a good idea, because you might be on the way to proof of concept while you’re looking for funds, and you at least have something to show potential investors.<\/p>\n
However, seeking external funding is time consuming, and takes away from running the business, such as it is. But, once you have external funding, running the business becomes a little less nerve-wracking, and you can take advantage of prudent (not all) opporutnities.<\/p>\n
We happen to have a course on startup funding, A11, Funding a New Business. It covers considerably more than venture capital, which is the route everyone thinks they must take.<\/p>\n
Here’s the link to Kevin’s article: http:\/\/forbes.com\/sites\/kevinready\/2012\/09\/18\/do-startups-need-funding-anymore\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Even though you and your partners might be able to fund your business launch, it might still be a good idea to seek external funding. Continue reading