What should I do after securing funding for my startup?

What should I do after securing funding for my startup?

Congratulations on securing funding! The first step is to create a detailed plan on how to allocate the funds.

What specific areas should I focus on with the funding?

You should prioritize product development, marketing, hiring key team members, and establishing operational processes.

How can I effectively track the use of these funds?

Implement a budgeting tool and set up regular financial reviews to monitor spending against your plan.

What are some common mistakes to avoid after receiving funding?

Avoid overspending too quickly, neglecting your core product, and failing to communicate with your investors.