With the constant coverage in the news of startups getting tens of millions of dollars in funding rounds, first-time startup founders might get the wrong impression on how to realize their startup idea. Focusing all of your efforts on fundraising while you are in the idea stage of your startup is a big mistake, especially if you don’t have at least one successful exit behind your back. Startup investors are usually willing to risk their capital only once they see real traction.
Consequently, in reality, you’d have to get through the idea and validation startup phases without any outside investment. And if you don’t have enough personal