So you've been pounding the pavement trying to raise money for your venture—talking with friends and family and using your contacts to get introductions to , accelerators and VCs. You know that if you can just get that initial capital you can build a winning company, but so far no one is willing to take a risk on you. Instead, you keep hearing thing like, “I'd be interested once you get more traction,” or “It's a great idea, but I think you need to prove the business model out a bit first.”
This post is the first of a series in which I’ll highlight some of the most common and costly mistakes you can make when starting your company. Avoid these things and the success of your company will be decided by the merits of your idea and the quality of your execution—not by a legal stumbling block.