Quote:
Originally Posted by slapass
How do you know you will lose first mover advantage if you don't act now? Lack of capital is the number one reason small businesses close.
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I said there is the risk to lose it. I do not know if he will lose it for sure.
Btw there are plenty of financing sources out there. Think about how many ppl started from an idea, working in their garage and now those idea are huge companies. They didn't have the money to start up the industry so they borrow them.
It's the basics of emerging business borrowing capitals for new ideas. For example if it wasn't for borrowed capitals we coulnd't have mac now, or the mesh-ups, google etc..
No one of them waited until get enough capital from their own allowances.