In episode #693, Eric and Neil discuss the pros and cons of raising venture capital. Tune in to hear why the juice may not be worth the squeeze.

TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: Should You Raise Venture Capital
[00:40] Neil still raises venture capital.
[00:50] If your idea is huge and you’re trying to swing for the fences, it is hard to do without raising venture capital.
[01:18] It depends on what you’re trying to do with your business.
[01:40] Rand Fishkin got so diluted while running Moz, that it ended up hurting him in the long run.
[01:55] He could have sold the business for a profit, but did not take advantage of this opportunity.
[02:20] His VC’s dissuaded him from taking what would have been a great deal.
[02:35] VC’s can often steer you away from a clear vision, because they have their own desires.
[03:25] Instead of trying to take money to make life easier up front. Think about the long term consequences.
[03:50] You could end up in a fundraising cycle.
[04:15] Build an audience first, so you have some leverage when you go to VC’s.
[04:35] Neil met with some private equity guys in New York.
[04:52] Neil didn’t want to do monthly or quarterly meetings, nor did he want to be beholden to investors.
[05:15] Raising money is more painful than just working for yourself and getting to call all the shots.
[05:25] Read Vivid Vision; it will help you figure out your goals.
[05:44] That’s all for today!
[05:48] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! 

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Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
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Twitter @ericosiu



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In episode #693, Eric and Neil discuss the pros and cons of raising venture capital. Tune in to hear why the juice may not be worth the squeeze. TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: Should You Raise Venture Capital
</li> <li>[00:40] Neil still raises venture capital.</li> <li>[00:50] If your idea is huge and you’re trying to swing for the fences, it is hard to do without raising venture capital.</li> <li>[01:18] It depends on what you’re trying to do with your business.</li> <li>[01:40] Rand Fishkin got so diluted while running <a href="https://moz.com/">Moz</a>, that it ended up hurting him in the long run.</li> <li>[01:55] He could have sold the business for a profit, but did not take advantage of this opportunity.</li> <li>[02:20] His VC’s dissuaded him from taking what would have been a great deal.</li> <li>[02:35] VC’s can often steer you away from a clear vision, because they have their own desires.</li> <li>[03:25] Instead of trying to take money to make life easier up front. Think about the long term consequences.</li> <li>[03:50] You could end up in a fundraising cycle.</li> <li>[04:15] Build an audience first, so you have some leverage when you go to VC’s.</li> <li>[04:35] Neil met with some private equity guys in New York.</li> <li>[04:52] Neil didn’t want to do monthly or quarterly meetings, nor did he want to be beholden to investors.</li> <li>[05:15] Raising money is more painful than just working for yourself and getting to call all the shots.</li> <li>[05:25] Read <a href="https://www.amazon.com/Vivid-Vision-Remarkable-Aligning-Business/dp/161961877X"> Vivid Vision</a>; it will help you figure out your goals.</li> <li>[05:44] That’s all for today!</li> <li>[05:48] Go to <a href="http://www.singlegrain.com/giveaway">Singlegrain.com/Giveway</a> for a special marketing tool giveaway! </li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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In episode #693, Eric and Neil discuss the pros and cons of raising venture capital. Tune in to hear why the juice may not be worth the squeeze. TIME-STAMPED SHOW NOTES:  [00:27] Today’s Topic: Should You Raise Venture Capital [00:40] Neil still...

Should You Raise Venture Capital | Ep. #693

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d1f45bce-b3c2-4832-8073-b0d200619e69/transcript

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