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Outside Money is Plan Z

whatshot 10 snips
Dec 7, 2021
28:27
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1
Introduction
00:00 • 2min
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2
The Magic of Scaling a Software Company
01:35 • 2min
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3
How Did This Seep Into the Software Industry?
03:51 • 2min
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4
Is There a Magic in Soffer?
05:26 • 3min
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5
The Problems With Spending Other People's Money
08:38 • 2min
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6
The Give Up of Control
10:27 • 2min
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7
You Can't Choose to Get Off the Train
12:36 • 1min
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8
How to Make Money in Business
14:03 • 3min
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9
Are You Selling an Idea?
16:43 • 2min
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10
Are You Customer Focus?
19:03 • 2min
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11
Fund Raising Is Draining
20:54 • 5min
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12
How Much Do You Need to Start a Business?
25:46 • 2min
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Taking outside money to start your business may seem like a good idea, but there are a ton of strings attached... You give up control. Cashing out becomes the #1 priority. It's addictive. It's usually a bad deal. Customers become less important than investors... You get the idea. Outside money should never be plan A.

Show Notes

  • 03:15 - How WhatsApp Makes Money (Investopedia)
  • 13:28 - 37signals changing name to Basecamp, shedding products (Chicago Tribune)
  • 22:40 - The deal Jeff Bezos got on Basecamp (Signal v. Noise)
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