Basel:And do you think there's a right time for entrepreneurs to raise money?
Brad: No. My personal belief is you should try to raise the least amount of money that you need to get to the next level of progress. There are moments in time where it's easy to raise larger amounts of money because of the progress your business is making, and you should take advantage of that. But in general you should try to make as much progress as you can with the least amount of money.
About the Guest:
Brad Feld has been an early stage investor and entrepreneur since 1987. He is the co-founder of Foundry Group; which is a venture capital firm focused on making investments in early-stage information technology, Internet and software startups. Prior to co-founding Foundry Group , he co-founded various Venture Capital firms: Mobius Venture Capital and Intensity Ventures. Brad is also a co-founder of TechStars; the number one startup accelerator program in the world.
Brad currently serves on the board of directors in various successful startups, to mention afew; BigDoor, Cheezburger, Fitbit, FullContact and SEOMoz.
Brad Feld holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology.
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Choosing the Right Moment: When to Approach a VC
Brad Feld speaks about the right time for entrepreneurs to raise a sufficient amount of money.