R. Paul Singh shares a one minute video about deciding whether you should raise money for your company.
Many startup companies need outside funding or investors to succeed. However, this is not a given and if you have other options besides outside funding, you should investigate further even if it takes longer. Whichever direction you go, you must consider both pros and cons. The pro is of course you can keep your vision moving forward. The main downside, as R. Paul Singh, Chairman of DocSync explains, is that when you raise money you lose control of your company. Additionally, you will no longer own the same percentage of the company due to dilution. The investors or venture capital firm now get to call a lot of the shots. This includes replacing you or other cofounders. There is a lot to consider when raising funds for your company so you always have to ask yourself and your advisors if it is the best move.
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