Lack of savings in such a highly compensatied field is bound to raise red flags during due diligence phase.
Which is also why it's hard to raise $10 mil, but it's pretty much impossible to raise $10 thousand.
Which is also why it's hard to raise $10 mil, but it's pretty much impossible to raise $10 thousand.
The truth is, life is messy. Everybody has things come up. Heck, even some of the greatest entrepreneurs have found themselves dead broke at one time or another. It's hard to say that it's an indicator of success or failure though. Due diligence could weed out the financially-irresponsible, but it's not always as simple as looking at a bank account.