The right way of raising money is that you have all the base business economics. It makes sense for them to raise money to more rapidly acquire customers. Where it doesn't make sense is where people will raise money to cover the fact that they're not making money, so they can artificially lower prices. If I sold 0.1% at $10 million, then I would have a billion dollar company.
"Strategic buyers tend to buy businesses for more than financial buyers do." Today, join Alex (@AlexHormozi) as he guests on Don’t Be Sour to talk about his background in building and investing in businesses, the importance of understanding a company's value, the risks associated with investing in a brand, and the variables that go into valuing a business. He also emphasizes the need for multiple sources of acquisition and unique mechanisms to give competitive advantages. This is part 1 of the interview.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Check out the episode on Don't Be Sour's YouTube Channel!
Timestamps:
(6:07) - Acquisition.com and minority investments
(17:36) - Raising money in business
(24:10) - Acquisition and building a personal brand
(30:24) - Content creation and online fame
(39:13) - The issues with alternative education
(45:03) - The value of accountability in business
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LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition