So I've been spending the last 3 months chasing around angel investors and here is what i've learned.
1. Even if you have the background and experience, the team, the product, the traction...doesn't guarantee you anything...
2. No matter how prepared you think you are...its not enough
3. Don't try it if you have a family...it is already difficult enough to try to raise capital while you are single.
4. find as many partners as you can
5. find as many advisors as you can
6. Its ok to say No to partners
7. Save enough to live off of for 12 months
Be aware of things unseen...things that are not so obvious...read, read, read or invest in an ipod to listen to ebooks while you are working
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