{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/63d3ad1a963ae60011f9ff7f/68c40bb786eb67a6f6011554?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"A Bad Investor is Worse Than No Investor","description":"<p>Every founder needs to hear this: A Bad Investor is Worse Than No Investor. Before you start chasing venture capital, you must understand the risks. In this interview, M&amp;A expert Scott Kelly explains why bootstrapped founders of seven, eight, and even nine-figure brands often love their lives, while many VC-backed founders are miserably stressed. We break down the cautionary tale of FanDuel, whose founders got \"little or nothing\" after raising hundreds of millions, versus MailChimp, whose founders kept 98% of the proceeds from their exit after bootstrapping. This is a must-watch for any entrepreneur deciding how to fund their business. Check out the company: https://blackdogvp.com</p><p><br></p><p>Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory</p><p><br></p><p>👀 CONNECT WITH SEAN</p><p>Subscribe: https://www.youtube.com/@seanweisbrot</p><p>LinkedIn: https://linkedin.com/in/seanweisbrot</p><p>Inquiries: welivetobuild@gmail.com</p><p><br></p><p>🕒 CHAPTERS</p><p>00:00 - The Art of Finding the Right Partner</p><p>03:29 - The #1 Thing Founders Must Do Before Starting</p><p>06:27 - The VC Trap: Chasing Fundraising vs. Building a Business</p><p>08:13 - Quantity vs. Quality of Life: A Founder's Choice</p><p>11:04 - The Warning: MailChimp (Bootstrap) vs. FanDuel (VC)</p><p>13:40 - M&amp;A is Sexy, But It's an Art</p><p>16:48 - The Dirty Secret of VC Due Diligence</p><p>21:49 - Why a Bad Investor is Worse Than No Investor</p><p>25:12 - Why I Love Bootstrapped Founders</p><p>28:01 - Start With The End in Mind</p><p><br></p><p>📈 WORK WITH ME</p><p>▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory</p><p>▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate</p><p>▶ My AI/Automation Agency: https://optimai.ai</p>","author_name":"Sean Weisbrot"}