It was easier to raise money for my company with no revenue vs. the company that did. I realized it was because without revenue there was no trajectory, sky was the limit and anything was possible. I’ll be raising pre-rev from now on.
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LLC stands for Limited Liability Company, a type of business structure that
A Limited Liability Company (LLC) has the tax benefits of a partnership
If you have a small business, you need to have business health
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If you don’t have revenue then you better have good user growth. Otherwise, you have nothing to prove that you’re a viable business. Snapchat has no revenues but they’re growing like crazy, so every VC who can will throw money their way.
User growth was good and there was a lot of hype.
Are you B2B or B2C?
OP here: Both were B2C. We raised on hype and promises.
Yep; exactly so, OP! It is far easier to raise on a dream than with metrics.
Best proof yet we are close to a bubble. Time to get out of the market.
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