The general rule of thumb for new startups is to ______.
A)avoid seeking investment for as long as possible
B)try to get as much funding as possible as soon as possible
C)immediately line up one committed investor with deep pockets
D)seek many small investments from a wide range of people right away

Question

Quizplus · Accepted Answer

Startups should avoid seeking investment for as long as possible because it allows them to prioritize building a solid business foundation, proving their concept, and establishing a customer base before bringing in outside funding. This also gives them more control over the business and avoids unnecessary dilution of ownership.

The General Rule of Thumb for New Startups Is to ______