Valid Reasons for Raising Funding Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are many valid reasons for raising funding. Here's a list of reasons to consider for your fundraiser: The business is growing and is now ready to scale. It can be hard to bootstrap a scaling effort. There's a clear need for a minimum viable product to establish the product and market validation. It takes some funding to build an MVP. The startup is seeking to prepare for a Series A raise, and the metrics are not yet aligned with the target investor's fund requirements. It can take additional funding to prepare to raise a Series A with an institutional investor. Here are some reasons that are not valid: The founder needs a salary to pay rent. The founder wants to hire a number of people, but doesn't know exactly what they will do. The founder wants to quit their day job to work full-time on the startup. The founder doesn't want to spend time on sales and wants to hire someone else to do it for them. A valid reason to raise funding comes down to building a key deliverable for the startup. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound.