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Startup founders often look to incubators and accelerators to help them find product/market fit and raise initial capital. But there’s another option for entrepreneurial founders who want to go out on their own but maybe lack the...

Carlos, a rising star inside a mid-sized manufacturing company, was having coffee with me outside a small university. He took small teams and grew them into successful product lines. After a decade working for other people, Carlos wanted to start his own business. He said he knew how to start. The path to building and funding a company seemed to be: 1) come up with an idea, 2) form a team, 3) start testing minimal viable products, 4) raise seed funding, and 5) get venture capital.

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