Back

Lapicart

Buy Premium Refurbis...ย โ€ขย 23d

We denied our first equity funding proposal! Yes, you heard me right. We were in talks with an early stage investor firm. Yesterday we took a final call and denied the funding proposal. Money was ready to hit our bank account in a month but still we said NO. But why - 1. The investment amount being proposed was almost 50% less than our requirement. 2. The Equity demand was almost 65% above what we can give. This was a decision we had to take because we work almost 15 to 16 hrs a day handling sales to tech to finance to logistics to after sales and everything at Lapicart . But still if our decades experience, our revenue generating with profits capacity and our customer centric focus is devalued, it's a red flag!! This might be tough especially for first time founders but its important to understand the value of your efforts and your limitations. Don't raise just for a PR stunt - raise for a purpose or leave.. Share your thoughts please. #startups #funding #equity #founders

12 replies37 likes
11
Replies (12)

More like this

Recommendations from Medial

Image Description
Image Description

Lapicart

Buy Premium Refurbis...ย โ€ขย 3m

At Lapicart - we were on the verge of raising funds - 2 angels were ready and we got the draft of the term sheet - but we backed out! Yes it's unusual but here's the reason why- 1. The equity demand was too high - above 20% and this is our first seed

See More
8 replies12 likes
Image Description
Image Description

Aradhya Soni

Build with ReBrikย โ€ขย 5m

We are a startup revolutionarising Construction Industry. However, We require members who can help achieve for a sustainable future while aiding by funding us. We would love to give out equity to our members.

11 replies4 likes
2

Vishesh

Revolutionary Warย โ€ขย 6m

(equity deal) Hi, I need a Flutter developer Can you code in Flutter? I already have a developer, but I need someone to work with him to make our app faster We are not paying right now as we are starting our startup, but I will offer you 5% equity f

See More
0 replies9 likes

Harsh Mishra

Raising funds for th...ย โ€ขย 5m

Hy Everyone I'm working in a shoes manufacturing industry and the company start in 2022. the revenue is generated recently 150cr+ and my task is to raise funding. my company want to raise Equity based seed funding but i have no contact in investee

See More
0 replies7 likes

Anonymous

Hey I am on Medialย โ€ขย 1y

How to raise funding for a startup in banglore??

0 replies2 likes
Image Description

Rasheed Merchant

Hey I am on Medialย โ€ขย 10m

How to raise seed funding ?

1 replies3 likes

Intrested Mate

--ย โ€ขย 3m

how to raise pre seed funding??!

0 replies4 likes
Image Description

Vishesh

Revolutionary Warย โ€ขย 6m

[This post has been deleted by the creator]

1 replies
Image Description

Vishesh

Revolutionary Warย โ€ขย 6m

Hi, I need a Flutter developer Can you code in Flutter? I already have a developer, but I need someone to work with him to make our app faster We are not paying right now as we are starting our startup, but I will offer you 5% equity for the future

6 replies3 likes

Download the medial app to read full posts, comements and news.