In episode # 693, Eric and Neil discuss the benefits and drawbacks of raising venture capital. Tune in to hear why the juice might not deserve the squeeze.
TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: Should You Raise Venture Capital [00:40] Neil still raises endeavor capital. [00:50] It is tough to do without raising endeavor capital if your concept is substantial and you’re attempting to swing for the fences. [01:18] It depends upon what you’re trying to do with your service. [01:40] Rand Fishkin got so watered down while running Moz, that it wound up harming him in the long run. [01:55] He might have offered the service for an earnings, however did not take advantage of this chance. [02:20] His VC’s discouraged him from taking what would have been a great offer. [02:35] VC’s can often steer you far from a clear vision, due to the fact that they have their own desires. [03:25] Rather of trying to take money to make life easier up front. Consider the long term effects. [03:50] You might wind up in a fundraising cycle. [04:15] Construct an audience first, so you have some leverage when you go to VC’s. [04:35] Neil met some personal equity people in New York. [04:52] Neil didn’t wish to do month-to-month or quarterly meetings, nor did he desire to be beholden to investors. [05:15] Raising money is more painful than simply working for yourself and getting to call all the shots. [05:25] Read Vivid Vision; it will help you figure out your goals. [05:44] That’s all for today! [05:48] Go to Singlegrain.com/ Giveway for a special marketing tool giveaway! Leave some feedback:
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Neil still raises endeavor capital. If your concept is substantial and you’re trying to swing for the fences, it is hard to do without raising venture capital. Instead of attempting to take money to make life simpler up front. Neil fulfilled with some personal equity people in New York. Neil didn’t desire to do monthly or quarterly meetings, nor did he want to be beholden to investors.