Should start-ups take on extra investors?
While it is flattering to have many offers to invest and it is tough to turn down money, remember it is ok to say no or ‘Can you invest next time?’
RememberFlipdish, the restaurant takeaway app that I wrote about three weeks ago? Well, it turns out that its €2 million-plus funding round was oversubscribed, meaning that it has more than enough for its big European expansion now. Snaps for Flipdish!
Oversubscribed rounds are actually rare enough, particularly in a start-up’s earlier years. Sometimes it comes as a shock to start-ups, which means decisions need to be made.
Firstly, should you take the money? ...