1/17 Three criteria for raising money: 1. Raise it before you need it. 2. Have a working product. 3. Have a business model from day one. 2/17 How much should you raise? The rule of thumb is to multiply your estimated cost by 4. 3/17 Calculate cost of development/manufacture, ie: R250. Double it for…

In business you must imprint the following on your brain: Business is about making money Businesses do not make money The first point is key for understanding where your priorities lie. Politics is about serving the people, journalism is about the truth, NGOs are about helping the less fortunate.Business is about making money.The second point…