Eight Ways to be Your Own Worst Enemy for Funding

A while back I received a discouraging note from an entrepreneur with a patent and a medical software application who couldn’t find a dime of investment, and was grousing that seed funding just wasn’t available anymore. After exchanging a couple of notes, I concluded that she was more likely a victim of item #1 on my reject list below, rather than a drought on seed funding.

Too many people still believe the urban myth that you can sketch your idea on a napkin, and people will throw money at you. Fundraising is indeed brutally tough at all stages, and the seed funding is the hardest to find. The simple answer is that if you need funding, do your homework early and completely.

Martin Zwilling

Full Story: http://blog.startupprofessionals.com/2011/08/eight-ways-to-be-your-own-worst-enemy.html

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The Third Part of Your Business Plan: How You’ll Fund Your Idea http://matr.net/article-45852.html