We are getting tantalizingly close with some investors that I really like. It’s taken a few months of courting and a lot of data analysis, but they told me today that they like me and really like the business that I’ve built. They want to do a little more analysis and research before they commit, which looks like it would be in the next couple of weeks.
We haven’t talked about the size of an equity stake, just the investment amount we need to more fully build things out before we go get some big-time capital.
This has been 100 percent bootstrapped to-date, and the help would be welcome. I’m giving up equity because that’s the only way it will really grow, I’m ready to get paid, and our small team is both drowning and underpaid.
What are some things we should do, or not do, to get a commitment?