Playbook / Lessons / Money: pitch, investor email
Cash-flow businessMost companies do not fit VC
Tringas argues that most new companies are technology companies, yet most are not a fit for venture capital and have no good alternative. Banks want collateral that early tech companies lack. He calls for a new default form of early-stage capital, such as shared earnings agreements, as a way to fund real businesses rather than an alternative to VC.
“It’s easier to get $1m to open an Arby’s than $100k to build a Micro-SaaS.”— Tyler Tringas, We need a new default funding model for tech companies, Jan 2019
Do this
Write down one non-VC source, such as a loan or a revenue-share deal, that fits your business and contact it this week.