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Even if your operation is a frugal bootstrap, most of the times you will need cash to finance your business as it grows.
For 3 reasons, you should always obtain that money before you need it.
This give you plenty of time to discuss your financing needs with a wide variety of sources. This way you can obtain the best terms and deal with people or institutions you’re most comfortable with
Desperation repels. It always provokes the question, usually unspoken
Desperation means the investor dictates the terms; usually take it or leave it
Anyhow, remember at all…