Should you really raise money?

Should you really raise money?

James has a point:

https://www.linkedin.com/pulse/you-dont-have-raise-money-james-routledge

When you raise money:

  • You often lose a level of actual board control (depending on the amount raised and terms)
  • You can’t be a nice profitable ‘lifestyle’ business. Investors want the business to be a 10x return because that’s how they make money.
  • You can’t just change what you do.
  • You can’t just stop.
  • You can’t quite just do what you want. There is always some level of reporting/requirements that you have to adhere to (such as monthly management accounts)
  • You’re on a particular path. One of high growth and an exit.

Doug