A Bad Investor is Worse Than No Investor

Every founder needs to hear this: A Bad Investor is Worse Than No Investor. Before you start chasing venture capital, you must understand the risks. In this interview, M&A expert Scott Kelly explains why bootstrapped founders of seven, eight, and even nine-figure brands often love their lives, while many VC-backed founders are miserably stressed. We break down the cautionary tale of FanDuel, whose founders got "little or nothing" after raising hundreds of millions, versus MailChimp, whose founders kept 98% of the proceeds from their exit after bootstrapping. This is a must-watch for any entrepreneur deciding how to fund their business. Check out the company: https://blackdogvp.com

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🕒 CHAPTERS

00:00 - The Art of Finding the Right Partner

03:29 - The #1 Thing Founders Must Do Before Starting

06:27 - The VC Trap: Chasing Fundraising vs. Building a Business

08:13 - Quantity vs. Quality of Life: A Founder's Choice

11:04 - The Warning: MailChimp (Bootstrap) vs. FanDuel (VC)

13:40 - M&A is Sexy, But It's an Art

16:48 - The Dirty Secret of VC Due Diligence

21:49 - Why a Bad Investor is Worse Than No Investor

25:12 - Why I Love Bootstrapped Founders

28:01 - Start With The End in Mind

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