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48: When Is the Right Time to Take Outside Funding?

48: When Is the Right Time to Take Outside Funding?

FromThe Art of Product


48: When Is the Right Time to Take Outside Funding?

FromThe Art of Product

ratings:
Length:
31 minutes
Released:
Jul 5, 2018
Format:
Podcast episode

Description

Derrick was hoping to finish mock-ups for communication flows inside Level to get feedback, but that turned out to be a lofty goal that he is still working on. The process of designing Level has generated more questions than answers and minute details that Derrick needs to address. This is the real work happens.
Congrats to Ben, who finally crossed 10,000 followers on Twitter. He uses Twitter as a way to provide value, be useful, and build relationships. Also, he launched the Code Quality Challenge sign-ups and a private podcast to share information with people who are interested in Tuple.
Today’s Topics Include:
Interest in seed funding? Different ways to raise funding
Being in complete control of your destiny and avoiding failure
Doubling down to take investments; what’s it like to be in a business environment that received funding
Rob Walling’s experience with funded companies; listen to a recap of 12 Lessons I learned Moving from Bootstrapped to Venture Backed (https://lan.io/blog/podcast/rob-walling/)
Personalities and psychology of founders impact own vs. others’ money
Flexibility: Choose to push hard and make something profitable or not
Head lamp requirement to enjoy the great outdoors, and how being tall has its benefits
Links and resources:
Derrick Reimer Website (http://www.derrickreimer.com/)
Derrick Reimer on Twitter (https://twitter.com/derrickreimer)
Ben Orenstein Website (http://www.benorenstein.com/)
Ben Orenstein on Twitter (https://twitter.com/r00k)
Level (https://level.app/)
Tuple (https://tuple.app/)
Drip (https://www.drip.com/)
Briefs podcasting service (https://www.briefs.fm/)
Microconf (https://www.microconf.com/)
Rob Walling (https://robwalling.com/)
Released:
Jul 5, 2018
Format:
Podcast episode

Titles in the series (100)

The Art of Product is a podcast chronicling the journeys of two entrepreneurs building software companies. Hosted by Ben Orenstein and Derrick Reimer.