As an attorney-advisor to several startups, I keep seeing the same pattern emerge: an enthusiastic team of idealists quit their jobs before their product is cash-flow positive or has gone viral, savvy shark-like investor senses blood in the water and offers a deal with crummy terms, and starved startup needs the capital infusion and ultimately takes the bad deal. Do not quit your job unless you’ve raised enough capital to last two solid years of expenses and meager salaries. Ignore this advice, and the blood that starts to color the water will be yours.
Read the full article on Medium:
https://hackernoon.com/bartersugar-is-shutting-down-layla-tabatabaie-a52a9f1c350d
