There are several factors that determine how much money you need to raise for your venture. If you managed to bootstrap and build initial traction, then the first and most important factor is how much money you need in order to reach your next milestone.
1. Secure Your Runway To Reach Your Next Milestone
If you manage to get to profitability from your first fundraising round, then you wouldn’t be rushed to raise money in the near future unless you decide to do so. This is a great goal to have because if you fail to reach profitability after your first funding round, then raising another round would
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