fundRazor - Xoopit on the virtues of raising less

Part II of a look at Xoopit's fundraising lessons and advice Xoopit had a chance to take more than its initial round of $1.5 million when it was just getting started. But rather than take the money upfront, Xoopit said "no." Bijan Mirashi, co-founder and CEO of Xoopit, which was formed in the fall 2006, tells John Bautista, host of fundRazor, that he thought raising 12 to 18 months work of capital was a more prudent route than taking in capital for a few years. Taking just enough cash would give Xoopit the opportunity to build a product, iterate a few times and figure out hte right product market fit, before scaling, said Mirashi."Sometimes having too much money too soon can be distracting for the business b/c it could lead etnrepreneurs ... [ Read more ]

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Vator TV | June 18, 2009

Tags:. .bijan. .hte. .upfront. .virtues. .bautista