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Bootstrap or raise money? (Saturday Squeeze)
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As always, thanks for being a listener of the show. For today's episode, I break down when and if you should raise money for your company. The analogy I use is you can either ride the unicorn or chase the unicorn.
(1:20) ride the unicorn or chase the unicorn
(3:04) types of funding
(7:30) convertible notes vs. price rounds
(9:45) when to get funding
(11:45) what kind of company do you want to build?
(14:35) what can you afford to live on?
(15:13) how many people do you want to manage?
(16:27) how much are you willing to give?
(16:56) my experience between bootstrapping and funded
(18:55) when should you bootstrap?
(20:07) when to raise money?
(21:23) be careful, don’t get distracted
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