Being an entrepreneur involves quite a lot of risks. And almost all of them are difficult to foresee or overcome. That’s why it comes as no surprise that eight out of ten young companies fail in the first several years of their existence. One of the reasons why it happens is that you don’t have a clear picture of where your startup is heading. For that reason, you need to be aware of the gist of phases of a startup to see when is the right time to raise funds so as not to lose your company.
https://litslink.com/blog/stages-of-startup-development