Planning and Building a Stable Future
The initial grant to launch a start-up organization can be crucial for helping the organization develop a secure and sustainable funding base down the road. Meanwhile, though, it should also provide a start-up with the early security it needs to define its mission. As one funder explained: “At the beginning, [the start-up’s managers] know they have core support from the foundation, and they can survive with that. If they find an interesting challenge, they might decide to take it on, or they might decide not to take it on. They can afford to be a bit choosy, which I think is good.”
Takeaways are critical, bite-sized resources either excerpted from our guides or written by Candid Learning for Funders using the guide's research data or themes post-publication. Attribution is given if the takeaway is a quotation.
This takeaway was derived from Working with Start-Ups.