10 Mistakes Entrepreneurs Often Make When Raising Capital
Guest post by Andy Cars, CEO of Seedcap. Andy evaluates hundreds of business ideas each year giving him an in-depth understanding of what it takes to succeed in a global market.
Seedcap AB help entrepreneurs and start-ups to raise capital. Here's Andy's 10 Mistakes Entrepreneurs Often Make When Raising Capital.
1. Trying to raise money too late
Raising money is time consuming. Count with an absolute minimum of 3 months, with a more likely scenario being 5 - 7 months.
2. Trying to raise money too early
There should be a logical relationship between the perceived value of the company in need of cash and the amount of cash to be raised. Trying to raise significant sums simply based on an idea usually fails, which leads us to point 3 below:
