But there’s nothing wrong with building a real business that’s profitable.
12 Startup Beliefs That Are Complete Bullsh*t
Mitchell Harper
3.4K18

Yes! For a vast majority, showing an ability to be profitable at least on a small scale should be a requirement before raising money. If you haven’t shown a path to profitability then you’re likely still figuring out some core aspects of your product / market fit. That means, if you take money before that step, you’ll be accelerating down a highly unproven path…possibly one that you don’t even want to be working on.

Solidify your direction. Keep control of your path. Make money. Prove you’ve created a business that’s valuable and that you want to pour yourself into.

Once all that’s done, if your personal and business goals align with pursuing significant growth and you’ve shown outside money is required to get there then, maybe consider it.