Will It Fly? How to Know if Your New Business Idea Has Wings…Before You Take the Leap

Chapter 33. Manageable Capital Requirements

	If capital an’ labor ever do git t’gether it’s good night fer th’ rest of us.
	--Saying of entertainer Frank McKinney “Kin” Hubbard, aka Abe Martin.

Definition

There’s no question you will need capital to launch your business. Whether your capital requirements are manageable is another question. Note that the penalty for having non-manageable capital requirements, assuming that you plow ahead, is time. It just takes longer to find the right source, conform the deal to their needs, make the case, and close. Note, though, that raising $100 million is a different challenge from raising $6 million. It is not likely that the venture investment community will bet $100 million on a new venture without extraordinary ...