Listen "Being Leveraged Means Having Zero Choices"
Episode Synopsis
In today’s Startup Therapy Podcast, Wil and Ryan talk about being leveraged and how it affects Startup growth. Early on, founders tend to believe that choosing an investor is an option. Yes, this is possible for people in the top 5 percent or those that haven been in this route more than once. But if you belong in the other 95%, which most of us are, we don’t get to choose. We get lucky when someone takes interest in investing in our Startup. So wise up and ‘choose’ well!Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Send an email to [email protected] Check in with us on LinkedIn | Wil Schroter | Ryan RutanWhat to Listen For00:00 Intro00:33 How much choice do we really have as founders?02:37 It’s a privilege to be able to choose your investors08:40 The real point of leverage13:33 Sometimes time is what you need for leverage18:21 Creating a healthy work-life balance isn’t simple for founders25:31 You only get one or two options27:21 When the money is not worth it29:47 Are there other options to saying YES?32:16 Getting investment is easier for second-timers36:38 Putting your chips on one person38:31 Have clear goals and expectations40:50 How we are knowledge leveraged44:19 Why did you feel the need to have a cofounder?48:04 Is having a cofounder a necessary requirement?
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