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
Should Your Business Have A Phone Number Listed? #1933
December 01, 2021

In episode #1933, Neil and Eric talk about whether your business should have a phone number listed. Having a phone number listed may seem outdated, but testing has shown that simply listing a phone nu...

Episode
The Economics of Buying Another Business Versus Building #1932
November 30, 2021

In episode #1932, Neil and Eric talk about the economics of buying another business versus building. When you’re deciding whether or not to buy a business, the number one question you should ask you...

Episode
How to Profit Off Your Blog Without Selling Out #1931
November 29, 2021

In episode #1931, Neil and Eric talk about how to profit off your blog without selling out. If you pivot from your original content in order to sell something, there’s a good chance you’ll feel li...