Capitalism.com

Today’s episode is an excerpt from the Freedom Fast Lane Live 2015 (now known as the Capitalism Conference) with Jeff Hoffman.   Tune in for the Q&A section of this very popular talk with the well known billionaire.   Key Takeaways   Q. Thoughts on funding.   [2:26] For some reason, everytime Jeff asks entrepreneurs what their sources of funding are, no one says ‘customers’. He blames Silicon Valley for all the loans, bank debt, private equity, venture capital and this idea that you need to get the funding NOW.   List everything you need to do for your business to reach your definition of success, and circle all of the things you can do without anyone else’s money. Then do them.   If you need money, ask yourself if you can you sell something. Creative ways to finance your company through customers should always be your first attempt.   Borrowing money from somebody else should only come after you’ve done everything you can think of.   Q. Thoughts on money.   [4:43] Jeff would literally divide his money in