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Content
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Jeff
@jeff-xyz
đź§µ After chatting with 20+ startup founders over the past two weeks, there was a theme: Every conversation finds its way to talking about capital.
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Jeff
@jeff-xyz
Understanding your numbers isn’t just about raising money… It’s about trust. It’s about survival. It’s about scaling. It’s about innovating.
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Jeff
@jeff-xyz
If you can’t clearly say how much you’re raising, or what you’re giving up in return…why would anyone trust you with their money? (This happens more often than not, even with highly intellectual / capable people)
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Jeff
@jeff-xyz
If you can’t forecast your expenses or track your revenue, your odds of success drop fast.
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Jeff
@jeff-xyz
So what do you do? Get creative. Get resourceful. Suggestion: See if your product can make money before you even raise. Suggestion: USE GPT’s TO ANSWER 💩 YOU DONT KNOW!!!
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Jeff
@jeff-xyz
Usually when you prove that the idea can work, even if it is on a small scale, you’re SIGNIFICANTLY more likely to get attention / interest from angels / VCs.
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