Seed rounds aren’t only about the cash.
Money may be the desired end result of an initial outside investment round, but the process of raising capital is ultimately about setting a course for the company, Yet Analytics cofounders Shelly Blake-Plock and Margaret Roth told a group of entrepreneurs and community members at Startup Soiree on Wednesday night. Blake-Plock described the initial investment round as a mortgage on the company’s future.
“When we started up this company, we didn’t start it for the purpose of getting a mortgage, we started it for the purpose of building a home,” he said.
The event, held at the Arch Social Club at Penn and North, was a chance for entrepreneurs to meet up in West Baltimore following the recent launch of Innovation Village.
Read more at Technical.ly Baltimore
from http://baltimoretech.org/news/raising-a-seed-round-isnt-only-about-the-money-yet-analytics-cofounders/
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