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S2 EP3: Rob Fraser - CEO Outway Socks.

Ecom Gold

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How to Avoid Burning Cash for a Startup

If you give a first time founder a lot of money, they're going to probably go pay an agency to make their Shopify store look really pretty or get a designer. All the while they still know nothing about product their product their product market fit. They have no retained audience. And then they've got themselves just like this huge hole in their bank account with no real knowledge of what it means where they could have just made ugly ads. I just see it way, way too often like there's just a level of scrappiness you're not ever going to learn if you just are giving money right off the bat.

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