ABSTRACT
Allocation of effort by founders in their fi rst six months .......................................................42 Initial capital: What you’ll need and where to fi nd it ..............................................................43 Reasons why small businesses fail .............................................................................................44 Biggest challenges for high-tech startups ..................................................................................46 Deciding what kind of “high tech” you are ..............................................................................46 Are you a startup or a small business? ...................................................................................... 47 Personal fi nancial summary spreadsheet ..................................................................................50 Startup expenses planning spreadsheet .................................................................................... 52 See what you are left with: Dilution models .............................................................................54
In the simplest world, a successful startup involves coming up with an idea, forming your founders team, creating the business, fi nding investors, developing your winning product, raising more money to get your product to the consumers who will pay for it, and fi nally
