why was it time for this?
Practically, the answer is right there: the VCs wouldn't accept a mere rapidly-growing company with great tech.
Remember that this is a decision you make when you accept the seed money, not when it comes to looking for further money. If you want to build a profitable growing company, bc funding is not the path to that.
Depends, if you have a majority on the board you can do whatever you want. Some companies get a seed round to then use that to bootstrap to profitability and growth over time.
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Remember that this is a decision you make when you accept the seed money, not when it comes to looking for further money. If you want to build a profitable growing company, bc funding is not the path to that.
Depends, if you have a majority on the board you can do whatever you want. Some companies get a seed round to then use that to bootstrap to profitability and growth over time.