Nikhil Shah, co-founder of Mixcloud, shares the journey of building a profitable music streaming platform without external funding. He discusses how he pivoted from grand ideas to tackle real problems, living lean, and leveraging sweat equity to assemble a team. Daniel Eisenberg, an entrepreneurship educator, contrasts bootstrapping with VC funding, emphasizing the importance of profitability over rapid growth. Together, they explore strategies for surviving in the competitive music industry while staying independent.