Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: email@example.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO, Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay discusses how to consider the amount of money you need for a project versus how much money to ask for from investors.
Jay's Chalkboard Notes:
- Investors are investing in you and your biz, not the finer details of your balance sheet
- Investors don't pay for operations per se, they pay to own a % of the biz
- It's not unethical to ask for a bit more $ than you need
- Figure out exactly what you want your deliverable to be
- What does it have to look like and how polished?
- In early stage, contracts for work should be well defined