Episode #693
Should You Raise Venture Capital 
June 24, 2018

In episode #693, Eric and Neil discuss the pros and cons of raising venture capital. Tune in to hear why the juice may not be worth the squeeze.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: Should You Raise Venture Capital
  • [00:40] Neil still raises venture capital.
  • [00:50] If your idea is huge and you’re trying to swing for the fences, it is hard to do without raising venture capital.
  • [01:18] It depends on what you’re trying to do with your business.
  • [01:40] Rand Fishkin got so diluted while running Moz, that it ended up hurting him in the long run.
  • [01:55] He could have sold the business for a profit, but did not take advantage of this opportunity.
  • [02:20] His VC’s dissuaded him from taking what would have been a great deal.
  • [02:35] VC’s can often steer you away from a clear vision, because they have their own desires.
  • [03:25] Instead of trying to take money to make life easier up front. Think about the long term consequences.
  • [03:50] You could end up in a fundraising cycle.
  • [04:15] Build an audience first, so you have some leverage when you go to VC’s.
  • [04:35] Neil met with some private equity guys in New York.
  • [04:52] Neil didn’t want to do monthly or quarterly meetings, nor did he want to be beholden to investors.
  • [05:15] Raising money is more painful than just 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:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
Zoominfo’s SEO gets torched, The early winner of AI is…consultants?, How Steve Jobs was taught what a good ad looks like, and Google dropping continuous scroll in search results
July 12, 2024

In episode #2777, we discuss the collapse of ZoomInfo's organic traffic, the short-term gains and long-term drawbacks of certain SEO strategies, the success of consulting companies in the AI boom, the...

Episode
Does embedding YouTube videos help with SEO rankings?, Over-optimized SEO features associated with Google traffic declines, CMO tenure falls to lowest level in more than a decade, and AI will make marketing harder, not easier
July 11, 2024

In episode #2776, we discuss embedding YouTube videos to boost website traffic and conversions, Google's preference for its own platforms, and the challenges CMOs face with short tenures and AI's grow...

Episode
Perplexity’s keyword visibility goes up 86%, Why mainstream media is dead, and SaaS companies are spending $2.64 to generate $1 of revenue
July 09, 2024

In episode #2775, we discuss programmatic SEO, the effectiveness of AI overviews, the rise of podcasts and the decline of mainstream media, the challenges of SaaS companies in generating revenue, the ...