Whales can scare investors
One Mistake frequent with new Startup’s is to start with a team large enough to cover all their Project goals.
A startup starting with a big team is only a good idea if you have a steady stream of funding. Many founders start with whales — large, workflow-driven projects. It’s great to have a good grasp on your ultimate goals, but such whales can scare angel investors. After this happened to me recently, I’ve shifted to using critical path analysis.
CPM has fallen out of favor with large corporations, where there are many intersecting paths, but for startups it’s perfect. Tie your critical path to auditable milestones and each path to your fund seeding.
If you have four critical paths, decide which one you want to hit as a milestone and define your seed around that. You might have four critical paths that can each produce fundable results — then you have four milestones and four seeds.