• http://twitter.com/pkorpak Piotr Korpak

    Well written Ben, thanks. For the first-timer like I am, the last paragraph was a bit of relief I must admit. Though #2 on the list is also doable, just requires time.

  • http://twitter.com/byosko Ben Yoskovitz

    Thanks Piotr, glad you liked the post, best of luck with your startup.

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  • http://www.Spidvid.com/ Jeremy Campbell

    It really is all about traction, and it’s a delicate balance between science, art, passion, persistence, testing, tweaking and timing!

    Great post Ben, thanks so much for writing it!

  • http://twitter.com/byosko Ben Yoskovitz

    Thanks Jeremy, glad you liked it.

  • rsamuels

    Great post Ben.

  • http://www.startupcitybali.com/ StartupCityBali

    Thanks Ben. And +1 for traction.

  • http://twitter.com/byosko Ben Yoskovitz

    Thanks, glad you liked it.

  • http://twitter.com/byosko Ben Yoskovitz

    Thanks for reading and commenting. Appreciate it!

  • MJGottlieb

    Great insights Ben. I think your point on holding off significant capital contributions until you build traction is spot on. I think that is where seed capital and some small angel and friends and family money can come in handy. The equity given is small (if any) or possibly it can be a small debt transaction with an option to buy in (or transferred) later at a discounted price. I have found that you have to prove there is marketability (traction) not only to your investors but to yourself as people smell your confidence, and hopefully that confidence has come with the proper amount of due diligence. I think a lot of people find that they don’t have the marketability they thought they did. If they find this beforehand, it’s far easier to tweak the product or service and test the marketability until its viable. If however, the person looking for the investment took the product or service out to investors before this was done, it is infinitely harder to re-open those doors. (This is only my opinion from my own experiences of course) Again, great post- MJ

  • http://twitter.com/byosko Ben Yoskovitz

    Thanks MJ – appreciate you stopping by and commenting.

  • http://twitter.com/jacktiantai Jack Tai

    Ben, as always, great article and insights.

  • http://www.microsourcing.com/ MicroSourcing

    Past success can increase your chances of raising capital from a number of funders because it shows that you have a good track record of making business ventures grow.

  • http://twitter.com/Dzordzh George

    Tnx Piotr!


    Most popular museum in Russia. Hermitage museum tour!


  • Adams Asamoah

    your posting has been educational for a first-timer like me. thanks for spending time to write.

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