The fallacy of raising money for a startup
A startup is a legal entity that was set up to do its job in accordance with the law and regulations.
Behind the startup is a person or group of people in charge. They have the vision to bring products and services to the market.
The market will test the products, which is the output of the business model, over time. If there's a real value, the product will sell and the business will make money. At the initial stage, skills mattered, but so did sweat, courage, and commitment.
Most businesses don’t need a lot of money to start. And if you think you need a lot of money to start a business, what’s your plan to spend that money? If there wasn’t any return, will you need more capital to maintain the operation?
At the initial stage, sweat equity leads the way, and if you focus on creating value, capital will naturally find its way to your creativity.