Mike Cassidy: How to build a $500M company in 500 days

venturebeat.com

3 pointsacgourley2 comments

I think many of these ideas aren't realistic for a first time entrepreneur. If you've never raised a round of financing before, are you going to be able to set-up a meeting with all the decision makers in a firm and get them to give you a term-sheet.

Notice they say 7 out of 8 times Cassidy has used this tactic. I suspect the 1 time he didn't was the first time he raised.

Agreed. I do think you could push for the decision makers bit (for the levels he was raising it could be "seed" and not need a full partnership vote) but getting 4+ firms to all do it on the same day? Seems impossible due to prior obligations unless you scheduled like 2-3 months ahead of time.

And overall still impossible for a first timer.

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