Kevin Coker shares the three pieces of advice for entrepreneurs navigating seed funding in Forbes Business Council.
Initial fundraising rounds, it’s easy for founders to get caught up in thinking, “I just need funding to start. I’ll take it from anyone willing to invest, and I’ll take as much as they’re willing to give so that I don’t have to ask for more later.” Here are Kevin's three reason's to think differently:
1) Strategic investors are important at all stages.
2) Starting with as few investors as possible can be beneficial.
3) Don’t give away more than necessary.
Kevin Coker, co-founder and CEO of Proxima Clinical Research says, "In my experience acquiring funding for my own companies as well as funding opportunities as an angel investor, I've found that most angel investors will invest small amounts of money across multiple deals because they anticipate the majority won’t succeed."
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