Skip to main content

Is Your Startup A Ticking Time Bomb?

I get it. You’re swamped.

And there are so many fires to put out you don’t know when you’ll have time to actually focus on building your business. Or get sleep for that matter. Time for another Red Bull.

Your startup is getting traction now…and you wonder if it’s time to pitch angel investors. You certainly could do with a bigger team to ramp this baby up.

And if you don’t raise capital soon, your burn rate will shut you down. Loans from friends and family aren’t the answer at this point.

Now you’re also worried about what will be uncovered during due diligence by potential investors. Will you end up with no funding but more uncovered problems to solve?

It’s time to step back and take a breather. So that you can come up with a plan that makes sense.

First, talk with an experienced startup lawyer. Someone who understands tech startups as a founder, attorney, and angel investor himself.

Because he’ll be able to help you with some quick fixes so you can put your best foot forward when you raise capital. And avoid doing something illegal (e.g. violating securities laws) when you fundraise.

Yes, being a founder sucks sometimes. And there’s still alot of hard work to be done. But with a little help, you can do this.

Mike Young, Esq.

Author Mike Young, Esq.

Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. He's been an entrepreneur since 1988. To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation.

More posts by Mike Young, Esq.