Well I’m really not making a lot of progress with my startup. We need so much capital to get it off the ground, and I don’t really want to get into significant debt to do it. I believe in the idea, but at the same time, there’s only so much debt that I can take on.
Words of the week:
- Valuation: Right now, with my ask, the valuation of the company (assuming %age remains) would be nearly $15MM. It’s high, especially if I compare to other ventures.
- Networks: I’m expanding my reach to different investment groups, but still running out of options.
- Real Estate: Cost of real estate is very high in Boston. I’m looking at places in the $45-$65 range, and it’s still not enough.
Number of the Week:
- Number 0: So far, we’ve seen about 10 spaces, and none of them were perfect. I need to find a better solution.