Sol Orwell of Sjo.com presents Before you take funding
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Sol Orwell of SJO.com makes a compelling case why you should build a cash flow tech company and not take third party financing. He shares the upside and downside of self-funding your own business. This was presented at Tech Toronto February 2016.
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Sol Orwell of Sjo.com presents Before you take funding
- 2. No Gracias
- 3. How badly do you need the cash?
- 4. What’s your end game?
- 5. Are you willing to lose control?
- 6. Is your share of the pie big enough?
- 7. Dilution can be a bitch. Is your share of the pie big enough?
- 8. How much time do you have?
- 9. What are your goals?
- 10. I’m not here to dominate. I’m here to make a dent.
- 11. Thanks
Notes de l'éditeur
- Hi I’m Sol Been at it for 15 years Investors have offered $ Friends congratulate me 21st century success story INTERNET FAMOUS
- Turned them all down Easy to be memserized by upside Im not against funding
- Fulltime or part time job + friends or family? How cheap things are now! SaaS solutions make life easier In a position to take advantage? Hodl out!
- Unicorns are cool Take a step back - is that what you really want?
- This is the one that is most important to me As the majority owner I am the decider
- Raise enough capital, other fingers in the pie I know a lot of founders burned Investor’s first responsbility is to make money
- Aspect that often gets overlooked Funded companies are notorious for being gignatic time sinks
- This is what it is really about What do you want in business AND in life? For me, freedom. At the end of the day, I operate a business to provide for a lifestyle I want