Why you should raise some extra cash

Running a business can come with some unexpected challenges, so it's critical to plan for the possibility that your costs may be higher than you have predicted, writes Chris Griffiths. In addition, it's a good idea to raise a little more money than you think you will need to get your company off the ground. "Raising capital for a startup is hard -- raising follow-on capital when you are still 90 days from positive cash flow because you missed some targets is really, really hard," he writes.

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