Avoid blood and sex. Maybe your grandmother and grandfather worked together for thirty years at the family dry cleaning business. But if you want to start a venture-capital funded company that's going public on Nasdaq, don't do it with relatives or spouses. Keep burn rates low and cash balances high. No matter how much money you raise and how much pressure you're under to expand and scale, conserve your cash.
Most companies have to change their business models on their way to success.
Suffice it to say that it's a bad time to try to raise more money when your old business model is failing. All rights reserved.