One of the biggest mistakes seed-stage entrepreneurs make is asking for too much money.
If you are an entrepreneur, you have probably heard from countless advisors and pseudo-advisors that you should raise enough money for 12-18 months of runway, have a plan for use of these proceeds, and understand what milestones are needed for profitability or another round of financing. You probably also have heard that startups almost always require more capital than called for in an original business plan. So, raising more money typically makes sense.
But just because you want to raise more money doesn’t mean you should ask for it.
To read the original article: Raise more venture capital by asking for less | VentureBeat
