4min chapter

Startup School by Y Combinator cover image

Advice for Hard-tech and Biotech Founders by Jared Friedman

Startup School by Y Combinator

CHAPTER

Fund Raising for Harte and Biote Companies

A letter of intent is a non binding contract to buy your product when it's ready. Because it looks like a contract, customers take it really seriously. Most harte companies will not be able to bute strap. They will typically have to raise money from investors. The most important part of this fund raising plan is that no step should be too large.

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