tag:blogger.com,1999:blog-10547970.post5035818804477726740..comments2024-03-13T01:04:34.580-04:00Comments on <b>Canadian Entrepreneur</b>: Startup AdviceRick Spencehttp://www.blogger.com/profile/09147840937518662183noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10547970.post-34047661525923170272010-07-30T01:00:42.006-04:002010-07-30T01:00:42.006-04:00Hi Rick,
I think too many entrepreneurs think the...Hi Rick,<br /><br />I think too many entrepreneurs think the holy grail is to raise outside money. (I also think many investors mislead newbie entrepreneurs to think along these lines too.<br /><br />From my perspective there are four sources of cash. In order of importance:<br /><br />(1) Customer<br />(2) Debt<br />(3) Equity<br />(4) Government<br /><br />I encourage entrepreneurs spending time raising money to think hard about whether that time is better spent finding customer money. <br /><br />Great post - again! Thanks.Mark Mawhinneyhttp://www.mawhinney.canoreply@blogger.com