Fri, Apr 25, 2014
Often I hear entrepreneurs talk about their financial challenges. Even today, when incubators shower you in $120,000 for little more than an idea and Facebook buys you for billions — money is hard to come by. And I get it: Working without the necessary financial resources is hard.
But when it comes to failure the truth is that most startups don’t fail because they run out of money. They fail because the entrepreneurs lose focus.
In fact, too little money can sometimes be a blessing. When you can’t solve problems or overcome obstacles by spending, you’re forced to use your brain to find a solution.
Startup funding tends to be a tight rope to walk.