Sprint 21: How to think about funding your startup
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Sprint 21: How to think about funding your startup
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Funding decisions can make or break you as an aspiring entrepreneur, even before you launch. Funding decisions need to be made thoughtfully by every aspiring and practicing entrepreneur.
In this sprint we go over the fundamental strategic decisions that prescribes which of two different paths you will likely be taking in funding your startup, whether it is for-profit or not-for-profit. We lay out how to think through whether you will want to use bedrock or high-risk funding methods to get the funds you will need.
While data shows that 97% of all entrepreneurs go bedrock, many bedrock and high-risk entrepreneurs inadvertently use techniques suited for the alternate strategy, causing unnecessary rejections, wasted time, and sometimes unnecessary failures.
This sprint helps you understand the choice – including for entrepreneurs interested in non-profits.
The two following sprints go into details of how you prepare for one or the other type of funding.
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