Congratulations You Got Your First Start-up Funding; But the Real Work Starts Now

Have you just won some funding from an incubator?  Have you won a pitch competition with a great prize, or maybe some office space in an accelerator?  Maybe you have acquired some pre-seed funding from a business angel or VC fund?  CONGRATULATIONS!

Having your first pre-seed funding, you are exhilarated and excited to have cash to move forward; your results to date indicate you are capable!  This is called execution.  VCs are watching, and if you do a good job executing, they will want to see you build your startup to the next level of achievement with more cash. 

It is very important that you keep up this forward momentum and continue raising.  A high growth company needs more cash fuel about every 12 - 18 months.  If you achieve and execute well enough, in 12 months you will be raising another sum of money to continue your journey of growth.  This is called follow-on financing. 

That means you have to seek and get another round of VC.

In order to grow a successful, large, vision, you need to continue demonstrating growth which takes cash.  Cash for customer acquisition, cash to hire employees, cash to deploy sales techniques, cash to improve your MVP …   If you do not raise again, it is a signal that you are not growing the company and your future opportunities will be limited. 

The moral of this story is not to be lured into thinking that because you got some early pre-seed funding that your future is made.  It is vital to acquire the follow-on rounds.  Learn how to do that with Investoready.Org.  Let us help you help yourself.  This is based on revolutionary new research.  Try it.  You have nothing to lose.