Fundraising

What if an investor offers more money than I need?

June 13, 2023
Watch Eric's answer here, or read below.

Do πŸ‘ not πŸ‘ take πŸ‘ more πŸ‘ money πŸ‘ than πŸ‘ you πŸ‘ need. Especially to satisfy a VC.

We believe that founders should protect their cap table ownership as much as possible. So if you only need a little bit of money to hit your milestones, or to get to profitability, just raise that much money.

Don't give your cap table away for cash you don't need.

Instead, tell the VC: "I don't need the cash." Not only is that a nice flex, it's also possible the VC will change their policy to have the opportunity to work with you.

You may also consider raising from Angel Investors rather than VCs. They tend to be more flexible with check size and are often strategic partners who will roll up their sleeves to help.

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