Where does the money you raise go within your company and processes?
With today’s Vercel Day and its financial contribution, I thought of a topic we probably haven’t talked about much here.
Money allocation once the funds are raised.
I reckon most of the money used to be allocated to:
– marketing
– hiring more people (though with AI, this is becoming more questionable, and I’d say this option is being ruled out)
Once you raise money, how do you manage it?
Which areas do you allocate it to, and what are the proportions (%)?
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@busmark_w_nika I will let you know once i raise money 🤷😂
@amraniyasser How many accelerators or VCs you approached? :D
@busmark_w_nika Not yet 😄 but it is coming very soon !!!
How do you decide where to spend the money after raising funds and how much goes into each area