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Hard Truths About Raising Capital For Your StartUp Business
Manage episode 317960215 series 3272586
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How much money do I need to raise?
This is one of the biggest and most common questions entrepreneurs ask whenever they start a business.
But unfortunately, it’s also one of the most misunderstood aspects of entrepreneurship.
Ryan Feit, CEO, and co-founder of SeedInvest, says that entrepreneurs often get caught up in the glamor and prestige of raising a massive amount of money when they really need to focus on profitability and growth.
There isn’t a set amount of money entrepreneurs need to raise to succeed. Ryan says the amount depends on the type of company you’re trying to build and how fast you aim to grow.
Listen in as we discuss:
-How raising money changed over the years -Is it advisable to raise money while giving away equity?
- Best practices on self-funding or bootstrapping a business
-How to raise capital
-Key characteristics to look for as an investor -Investment trends to watch out for 2022
Listen here or visit byobpodcast.com to get the show notes and watch the video interview.
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