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Is it wise to put a lot of your own personal money into a startup?

Is it wise to put a lot of your own personal money into a startup or should a person just seek outside investors and if they don't have enough confidence to invest then it's probably not a good idea?

Elman

Azerbaijan

2 Responses

Wallace Ho

COO @ BEAMSTART

It is BEST to invest some of your own time & money into a startup, then only seek for investors .

It’s YOUR own startup, and it is good to prove that YOU are confident in it and put in YOUR own money.

However, don't put too much money but enough to get the MVP up and get some tractions, then only the investors will be confident on you because you have invested your time & money, and converted to proven tractions.

Stasion Wilson

Jamaica

In my personal opinion, one should always start with putting his/her personal funds into their startup.

It doesn't make sense to try and raise money from others without having some skin in the game.

But that being said, if you lack the funds, then you should definitely be doing it full time - 100% commitment.

After all, it isn't your money.

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