How to Start a Business With Less Than a Million Dollars

"I wasn't making money doing that to be clear, right? Like I'm buying it for the boutique and then I'm selling it to people for the same," he says. "But at least it was proving to me like, oh, this can work or like, you know, this part doesn't work." He had a term sheet on Valentine's day of 2011 from an angel investor who helped him start his business. But after months of working with Steve Anderson, she realized her company didn't even have any money in its bank account yet.

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