You have every right to be concerned. Just assume your project will take longer and cost more than you currently budgeted - even if you already "padded" the costs by X factor.

If you do not want to give up control of your company, you need to control the shares. Board members, including you, can be replaced by majority shareholders - if they all come together and agree.

Do you have a solid business plan and financial forecast?

Consider this...Investors would rather see a request for more capital to do the project "right" than to see a skinny, bootstrapped forecast with the founder living on Top Ramen. The latter shows little confidence while the former shows a well thought out plan.

Give me a call if you have any other questions or want to explore this one further. I offer a free one hour consultation to all first time clients. Just schedule the call with this link:

https://clarity.fm/kevinmccarthy/FreeConsult

Best regards,

Kevin McCarthy
Chief Strategy Officer
www.kevinmccarthy.com