So you managed to build a prototype, you’ve gotten some traction, and some credulous soul now wants to write you a check to bankroll your startup. How long will it last? Napoleon said that an army marches on its stomach. Well, a startup marches on its bank account, so kiss your startup dreams goodbye the day a zero stares back at you from your bank statement. But forewarned is forearmed: I’ve collected below some observations from our experiences during the past six months running a funded seed-stage startup.
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