April 2015 by Rasmus Makwarth

Don't Ask for Money - Ask for Advice

This is a guest post by Rasmus Makwarth. Rasmus is the co-founder and CEO of Opbeat. Learn more about Opbeat and how to operate your web apps as a team at www.opbeat.com.

When your company is in the early stages you're struggling to keep your head above water. You're in all sorts of trouble: You're weeks from going broke, you're trying to figure out what you'll actually be selling, the business model - and 96 other problems.

If you're bootstrapped, profitable and proud you got a lot less concerns than most startup founders. If not, you need help.
Business wise and financially. When entering the fundraising game my advice is this: Try not to worry about getting money - worry about becoming smarter. Fast.

Spend all of your time getting introduced to smart entrepreneurs, angels and VCs who can give you great entrepreneurial and business advice. Get going by asking fellow entrepreneurs in your local area who they'd recommend for you to talk to: Meet with them. Get new introductions. Repeat. Over time, hopefully, you'll have developed yourself, your business knowledge and spread the word enough for angels or VCs to offer you advice and money.