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This week's goals:<br />
<ol>
<li data-xf-list-type="ol"><b>NOT DONE</b> Push vendor to start with faster international solution</li>
<li data-xf-list-type="ol"><b>(2 / 7 days)</b> Make time for coding</li>
<li data-xf-list-type="ol"><b>NOT DONE</b> Launch an updated scraping bot that identifies listings by compliant competitors</li>
</ol>Active listings: 97,722<br />
Account health score: 192 (At Risk)<br />
Policy violations: 0<br />
<ul>
<li data-xf-list-type="ul">Woke up today feeling like it's time for a change.</li>
<li data-xf-list-type="ul">Contacted an investor I know well and told him about my business and that I need to raise some capital to grow it 50x. He said he wanted to know more, so I recorded a ten minute explainer video. He's interested but asked what deal I'm looking for. I didn't really know and need to get back to him.</li>
<li data-xf-list-type="ul">Then I contacted another friend who is a banker in M&A and fundraising. She agreed to help me review my pitch for free and give me advice.</li>
<li data-xf-list-type="ul">I know that here in the Fastlane we generally look down on accepting outside investment, but I'm kind of trapped at the moment due to lack of funds. I have working capital constraints and I really need to work on this thing full-time, but don't have the money to quit my job.</li>
<li data-xf-list-type="ul">So I'm thinking about two options:<ol>
<li data-xf-list-type="ol">Sell the business outright for whatever I can get. The figure in my head is $5m. Not enough to be wealthy and retired, but I would probably just start another business with the money and make that my get-rich project</li>
<li data-xf-list-type="ol">Sell a minority stake for enough money to handle the working capital, pay equivalent salary after quitting my job, and set up whatever logistics I need and last for about a year, after which I would probably then look to sell the company for way more. The problem is that I'm not really sure how much money I need. I guess if I kept the same valuation as the first option then I would take $1m for 20%</li>
</ol></li>
<li data-xf-list-type="ul">If I seriously run out of money before getting any investment then I do have rich friends that would either loan it to me or maybe would be interested in an equity stake</li>
<li data-xf-list-type="ul">Looking at the options above the second one makes me a lot more money but also poses risk. Because I am continuing to violate the C in CENTS and Amazon can pull the rug out from under me at any time</li>
<li data-xf-list-type="ul">Started making a simple pitch deck describing the business, the market, the future plans and prospective financials. Will polish off a first draft tomorrow and share it with my banker friend for a review</li>
</ul></div>
