"Wordpress may have begun life as a blogging tool, but the open source publishing platform has evolved into something resembling a full-fledged CMS in recent years, especially with the release of Wordpress 3.0 in June. In fact, it can easily be used to manage a Website for products and businesses, without or without a blog. "
"As a thumb rule, try to get enough validation so that you can get to at least a $2 million pre-money valuation before raising equity capital. Sub-$2 million pre-money, it is better to bootstrap. If you have to raise money, try to do so as convertible notes. That is debt financing that converts into equity at the Series A valuation once the price for that is set. (I believe Jeff Clavier and many other seed investors are in agreement with me on this issue.) Also, extremely important is that you need to raise enough money to be able to reach the next major milestone. "
"Keeping up with every RSS feed item, tweet and emailed link is hard enough for anybody, let alone someone who's trying to run a business. That's why each Friday, ReadWriteBiz rounds up the week's most important tech news and insights for small and medium-sized businesses. "