Just because you built the company, when you take money from investors, it’s no longer your company.
SPACs and mobility startups: A $ 100B boom that’s just getting started PitchBook News & Analysis
“startups when:1d” – Google News
Sorry if this is the wrong place to post this but as someone trying to start a business/ evaluate other businesses for investment opportunities, I can’t help but feel like I’m missing out on some core business fundamentals by not having a degree in business or an mba. I don’t want an actual mba because I’ve heard it’s often not worth the price but I do want the education or at least the general level knowledge. Is there anything similar to the coding/software engineering boot camps but for an mba?
My non-tech startup is about to get our first offer for funding. We are a pre-revenue company that requires expensive capital equipment before we can ever make a sale. In total, we are asking for ~$ 4 million. The company we are expecting an offer from told me a few times to not be shocked at the equity they are asking for. I expressed our interest in retaining at least 51%, but that seems unlikely based on his response.
To make things more complicated, this company is partially owned (rumored to be 40%) by our primary competitor. Since we will likely have to give up a controlling interest, what should we be looking out for to protect ourselves and the business? Any help, advice, and guidance from someone who has had to give up controlling interest would be appreciated.
I’ve read & analyzed more than 482 founder interviews and found some interesting patterns that distinguished startups that succeeded vs…