Delusions in the Early-Stage Startup

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The early-stage startup has its own set of delusions founders must overcome.

Here's a list of delusions to watch for:

Everyone else is a professional but not the founder.

The reality is that the founder has the opportunity to build a great business just like anyone else.

Financial projections are always wrong.

The mistake is believing they are right.

The purpose of a financial plan is to start the process of modeling out the business.

This will take some time before the financial forecast matches the actual business.

The highs and the lows of the business are not forever.

The excitement you have now will diminish, and the lows also will come to an end.

Success stories heard from other companies typically come from unusual circumstances.

The fantastic revenue growth often comes from a phenomenal spend from a highly dilutive fundraise.

There's a fear others won't take you seriously.

It all comes down to how seriously the founder takes himself and his role.

There are rarely situations that are make-or-break for the startup.

Few things in the startup experience are existential.

In almost all cases, the startup can bounce back.

Consider these delusions one may encounter in the startup world and how to overcome them.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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