As a founder, are you optimizing for greed or fear?
Each of use inevitably does one or the other.
In the first case, “I want the least dilution so I’m going to fundraise in increments”.
The latter is “damn, what if I can’t raise again? Let’s get as much cash in the bank as a we can”.
Here are the main talking points:
- why raising the money is not always the answer
- what are the risks of raising too much capital too early
- how to make decisions that extend your runway
- how Troy evaluates each company before investing
About Troy:
Troy Henikoff is Managing Director of MATH Venture Partners. Additionally, Troy is an active mentor with Techstars. Troy was the Co-founder of Excelerate Labs, which became Techstars Chicago in 2013. He also helps manage the FireStarter Fund, teaches Entrepreneurship at Northwestern University's Kellogg School of Business and is on the board of the Chicago-land Entrepreneurial Center. Prior to Techstars Chicago, Troy was the CEO of OneWed.com, the President of Amacai, and co-founder and CEO of SurePayroll.com.
Resources mentioned on the show:Troy's
investment & startup advice videos on vimeo.