"Don't be afraid of raising money."
--Chris Reid, co-founder of Sortable
One piece of advice I hear frequently from entrepreneurs is this: "Don't take money before you need to." Especially if your company is pre-revenue, taking money early means that investors will be placing big bets on you, and they often compensate for that by insisting on onerous terms. You could be left owning very little of the company you're founding.
But Chris Reid of Sortable has a different opinion. "Don't worry about raising early," he told me after I … Read more