Self-funding a startup requires starting as a consulting company, which can be difficult to transition from

Negation: Self-funding a startup does not require starting as a consulting company, which can be difficult to transition from 0 0 0

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0 Citations

3 Consequences

2 Mentions

Arguments

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Opposing Arguments

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Consequences

Argument #2d1b92e5 1 0 2

If it is true that...

Startups often require funding from investors 1 0 2

and

Self-funding a startup requires starting as a consulting company, which can be difficult to transition from 1 0 2

and

Maximizing a startup's chances of success is more important than retaining a large amount of stock 1 0 2

Then it must be true that...

Raising seed capital is comparatively easy due to the small amounts of money involved 1 0 2

Argument #38c4d11a 1 0 2

If it is true that...

Startups often require funding from investors 1 0 2

and

Self-funding a startup requires starting as a consulting company, which can be difficult to transition from 1 0 2

and

Raising seed capital is comparatively easy due to the small amounts of money involved 1 0 2

and

Investors at the seed stage do not usually expect an elaborate business plan 1 0 2

and

Startups should spend their investment money wisely, as running out of money is a common cause of failure 1 0 2

Then it must be true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Argument #7cd332a0 1 0 2

If it is true that...

Self-funding a startup requires starting as a consulting company, which can be difficult to transition from 1 0 2

Then it must be true that...

Three things are needed to create a successful startup: starting with good people, making something customers want, and spending as little money as possible 1 0 2

Mentions

Paul Graham/How to Start a Startup

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Related Propositions

Startups often require funding from investors 1 0 2 Startups should approach venture capital firms before they run out of money 1 0 2 Fundraising is distracting and can halt other operations in a startup 1 0 2 A startup should either be in fundraising mode or not 1 0 2 When raising money, a startup should focus its whole attention on it so it can get done quickly and get back to work 1 0 2 A startup will be in a much stronger position if it can make it to profitability without raising any additional money 1 0 2 Startups should approach fundraising in phases 2 and later by taking the best of the options in front of them right now 1 0 2 If you have multiple founders, pick one to handle fundraising so the other(s) can keep working on the company 1 0 2 Even if there are still one or more founders focusing on the company during fundraising, growth will slow 1 0 2 Founders who do not leave their current employment before securing funding often find themselves in a difficult situation 1 0 2