Guys, when formulating your magic number in your head, not forget to include taxes...that's up to 50% gone right there. So your $1M is now $500K. I speak from experience on this. It's a good story over a beer.
btw - Did you know the SEC is going to pass a rule that no longer considers people with $1M in assets "rich", they are changing the bar to $2.5M...this was in last week's wall st. journal.
This is a tough one to answer since I am committed to my idea, and while money is important I want to see it through. To an investor though, their goals are to get out as soon as they can with as much as they can. Obviously you can't have a $100M company in 3 months, but you could have something that gains A-round valuations from a VC.
btw - Did you know the SEC is going to pass a rule that no longer considers people with $1M in assets "rich", they are changing the bar to $2.5M...this was in last week's wall st. journal.
This is a tough one to answer since I am committed to my idea, and while money is important I want to see it through. To an investor though, their goals are to get out as soon as they can with as much as they can. Obviously you can't have a $100M company in 3 months, but you could have something that gains A-round valuations from a VC.