#dailyentrepreneur Making an effort. A lot of founders, including myself at times, have hated doing the detailed numbers as to what I am going to spend investment on. It’s not just a case of taking $1m and dividing it by 12 or 17. It takes time, it can be really boring but one of the reasons I invest in companies is the numbers. Not 3 years, but at least the certainty around how the investment is being spent and understanding how the runway is affected by outside factors, risks that you cannot always plan for.
So sending a super high level email is not sufficient enough, not in this market. Would you give a project manager budget of $1m and then not ask for a plan?
Most of us it would take years maybe to earn $1m, so for a bit of effort you could get that golden $1m in a few months for your startup.
Also if potential investors are not asking for them, or to at least discuss the financials , then most likely are not going to invest anyway and burn your time.
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