Investment by the letters

CEO interview as published on Ubiquity UBIQUITY: Tell us about yourself. KADANOFF: I am a CEO of a pre-funded company. Maybe the first thing we should talk about is pre-funding versus self-funding. I used to think that “pre-funded” was the right way to describe a company like mine, which has raised about $450,000 from private individuals. In fact, the right term is “self-funded.” The terms are subtly different and both have problems. Pre-funded suggests, number one, that you’re definitely going to get funding, and number two, that this is just a temporary period. Self-funded suggests that only rich people can start companies — people who have made it before who are serial entrepreneurs. Of course, …