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Securing followon funding is critical for the long-term success of a startup from "summary" of Secrets of Sand Hill Road by Scott Kupor
Securing followon funding is critical for the long-term success of a startup. This is because most startups do not generate enough revenue in the early stages to cover all their expenses. They rely on external funding to sustain their operations and fuel their growth. As a startup progresses through its lifecycle, it will need multiple rounds of funding to support its expansion plans. This is where followon funding comes into play. Without additional capital injections, a startup may struggle to scale its business and compete effectively in the market. Followon funding also signals to the market that investors have confidence in the startup's potential. It can attract ...
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