As the old saying goes, “it takes money to make money.” But when it comes to startups, that’s not always the case. In fact, it’s possible for a startup to have too much money: according to Startup Genome, one of the key reasons startups fail is due to “premature scaling.”
Startup owners and entrepreneurs can fall into the trap of focusing too much on money and not enough on the offering, and it’s often a recipe for disaster. This Forbes article explains how the stage of a startup dictates when money matters — and when it doesn’t.
This article was written by Forbes, an entity unrelated to HoyleCohen, LLC. The information herein is intended for educational purposes and has been selected by HoyleCohen due to the timeliness of the subject matter.
