Chapter
The Benefits and Trade-offs of Raising Capital for Your Business
11:25 - 16:00 (04:34)
The speaker discusses the pros and cons of raising capital for a business, noting that it can help companies skip years of difficult work but also comes with trade-offs such as giving up some ownership and control.
Clips
The podcast discusses two approaches to starting a business - venture capital-backed and bootstrapped, and how the latter is focused on owning 100% of the business and doing things one's own way.
11:25 - 13:09 (01:44)
Summary
The podcast discusses two approaches to starting a business - venture capital-backed and bootstrapped, and how the latter is focused on owning 100% of the business and doing things one's own way. The speaker also explores the possibility of a hybrid approach for entrepreneurs who are interested in both models.
ChapterThe Benefits and Trade-offs of Raising Capital for Your Business
Episode#107 with Chris Bakke - This Serial Entrepreneur is an Idea Machine
PodcastMy First Million
The founder of a candidate assessment business discusses the advantages of raising capital, stating that it helps companies skip years by avoiding consulting work and agency-style business.
13:10 - 16:00 (02:49)
Summary
The founder of a candidate assessment business discusses the advantages of raising capital, stating that it helps companies skip years by avoiding consulting work and agency-style business. Instead, businesses can grow their profits by owning low seven-figure sums and building a profitable business quickly, avoiding the need to wait 10 years doing agency work for big customers.