Leadership & Decision-Making
Should my business raise venture capital?
Answered independently in 3 episodes, by 3 different people. Every line below is verbatim from the transcript, timestamped to the moment it was said.
The short answer
What the archive says
01Fewer than 2% of companies actually need venture capital; Navin actively discourages most founders from taking money from a fund and suggests staying scrappy or using in-kind services instead. source →
In their words
What 3 people actually said
I saw hundreds of companies and I saw difference between bootstrap companies and venture backed companies. When I work with startups, they basically got me for free. The fund used to send me there.
And so our heroes are the people not that have the safety of venture capital, right? But it is those entrepreneurs, like a lot of your listeners, who don't have the safety net, who are running restaurants, who are running service companies, who are running agencies. And they need the revenue to survive.
You actually should consider being a little bit more scrappy and potentially getting some of this funding down the line or in-kind services because they offer this. I actually don't think venture capital is for most, even though a lot of people feel like that is the option.
The episodes
3 episodes answer this
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