Startup Life Show With Ande Lyons

Venture Capital, Angel Investor, Bootstrapping - Which Funding Strategy is Best for Your Startup?

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Synopsis

Venture Capital, Angel Investors... or bootstrapping... MONEY is oxygen for a startup.But how does a founder decide which oxygen mask is best for their business? I have some Andelicious Advice to help you choose the best funding option… and oxygen… for your startup.When I’m gardening, driving into Boston, or doing household chores, I love tuning into podcasts.The other day I had two back-to-back podcasts that got me thinking about the question – which oxygen does your business need to soar?The first podcast I listened to was Masters of Scale with Reid Hoffman, co-founder of LinkedIn… and he was interviewing Ben Chestnut, the co-founder of MailChimp. They were focusing on how MailChimp grew without any investment capital. They completely bootstrapped the business. Throughout the interview, Reid was highlighting the importance of Venture Capital to provide rocket fuel for a company's growth. Given his podcast title, Masters of Scale, he clearly is all about scaling a business.His final words of advice: &qu