Are You a Good Fit for Venture Capital?

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Only one per of founders, regardless of their gender, will ever raise venture capital. So what do the other 99 % of us start up founders due to fund our businesses? The voice sharing these sobering statistics belongs to karen khan. She was an early gogler and is now founder of i fund women - a platform that helps auchoners raise money through crowd funding. Karen's advice points to a key difference between crowd funding and the kind of fund raising i recommend for blit scaling. When you crowd source, you aim for the bare minimum. Put out a really crappy mvp, build it for cheap and see what your users are going to say about it.

This week, we’re returning to an episode of Masters of Scale featuring Ben Chestnut, the co-founder and CEO of Mailchimp. The email marketing platform was acquired this year by Intuit in a multi-billion-dollar deal that closed this month. Hear how Chestnut used a DIY ethos to grow the company without ever raising a dollar of outside funding. The Mailchimp story is the exception to Reid's rule (always raise more money than you think you need!). The episode explores a range of options for those who don't fit the VC-funding mold. Cameo appearances: LeVar Burton (Star Trek, Reading Rainbow, LeVar Burton Reads), Don MacKinnon (Milq), Karen Cahn (iFundWomen).

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