It's often thought that you should be careful with the funding you get as it's not really your money. But would your investor really be happy if he or she knew you're just sitting on their cash?
|With big money come big responsibilities|
Missing opportunities to develop or not leveraging your funding to grow your business enough can be a costly mistake as you'll need results to show for. What if you don't get any? Or if they're not strong enough?
It's hard to get funded, but it's even harder to fall short of money after having received some. If funding stops in the middle of an investment spree, you'll find yourself digging your own whole with little chance of getting out of it in reasonable time.
Getting funded forces you to execute on your strategy and take risks, with a clear goal in mind: do whatever it takes to get good results to show your investors!