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by tophercyll
5574 days ago
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Let me start by asking $15k/month in revenue or profit? Do you have capacity to hire? Courting investors is a full time job, but so is hiring if done right. You probably can't do both with just two of you. If the goal of raising money is to hire more people, and you've already got enough cash to hire even one, do that first. Just make sure you hire into a position you believe can increase your profit. Spend time thinking about it. Companies your size grind to a halt while raising capital and it can take months. Once you've expanded a little, multitasking becomes easier. If you're lucky (and this is what you're trying for), you may find that your new hire increases your profit enough while you were looking for investors that you can afford to hire again. If the new hire doesn't increase profit, you can still take investment (especially if you've been doing the leg work after maxing out your headcount), but you're going to have to figure out how to hire effectively eventually, you'll just have more money in the bank. |
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