People don’t fail because of capital — they fail because they have not done the diligent research that’s required in the first place to see if the idea is even a valid one.

Second, people can build a robust MVP in a tool like Bubble for next to zero to talk through the problem with people as their working on defining it. I’d say this is a good six month process to get the idea to a point that you want to start dumping some cash into it. You can then make a solid estimate of capital needs at that point.

One other strong piece of advice I’ll give folks — Bootstrap from Day One, Go out at make real sales to keep the ship afloat even if it’s running part time. You’ll get the feedback that you need to build it out correctly this way. If you can bootstrap and have people pay for your product — -you are getting somewhere,

Leave the money on the table — -be smart — you don’t need it — -don’t get sucked into the investor runway trap 0f build, build, build, with no forward traction.