4 ms·
Wait, why do bigger ventures without requiring outside investors? If you want to do bigger things, you'll have to put more in, and you're going to end up in a
by sachinag 17y ago
Wait, why do bigger ventures without requiring outside investors? If you want to do bigger things, you'll have to put more in, and you're going to end up in a situation where the same percentage of your net worth is tied up.
Instead, if you have a profitable exit, it will be much easier for you to raise more with giving up less from professional investors for your next, bigger project. Then you'll be able to do something big and awesome, maintain control, and still have more cash in the bank.
- elsewhen 17y agoI am not a big fan of taking outside investors. I have been a self-funded entrepreneur for my entire career and it has worked very well for me. The proceeds of a sale would allow me to have ample money in the bank and plenty left over for other endeavors. My issue is that the longer I wait (as long as everything continues apace), the more that "plenty" becomes.