Just Raised Funds? Do these 10 Things in the First 100 Days
7. Build
Hire the best people available. It is all about people who can make it happen. Always be in recruiting mode. Ask board members and investors for staff recommendations as they have good connections and can introduce you to promising candidates.
8. Leverage
Debt does not make sense at this moment, but the easiest time to get a lender to provide capital is when you have just closed a round of funding. Do that to increase your resources.
9. Stay Lean
Keep in mind that this is very expensive capital. Make it last long. Spend only on what you have to and only when you have to.
10. Perform
Give 100% to meet your short-term goals, be in sales, development, or recruiting. Don’t make the new investors question their decision to give you money. Be clear with them about what the first 100 days will be and then deliver. This is always important, but mainly right after funding.
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