A huge lesson is to raise money at the appropriate time. We didn’t understand our value proposition. We didn’t even have a fully baked-out product. We weren’t ready. So we failed.
Every time I started a business it was because I saw them as good short-term financial opportunities. In hindsight I realize none of these businesses lasted because it wasn’t authentic. I didn’t feel like they were my legacy or something I could really leverage my strengths with.
Lessons in raising money and making money were shared by the guests on today’s Entrepreneurs are Everywhere radio show.