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Types of Capital - The Hidden Risks of Bootstrapping That Could Sink You w/Scotty Allen (Edu)
Are you dreaming of launching the next unicorn startup? Before you quit your day job and pour your life savings into that brilliant idea, you might want to listen to this episode.
In this episode, Yaniv Bernstein is joined by Scotty Allen, startup advisor and founder of The Product Bus, to dive deep into the realities of startup funding, the risks of bootstrapping, and the importance of knowing which "game" you're playing as a founder.
In this episode, you will:
Understand the risks and challenges of bootstrapping vs seeking funding
Learn why validation is crucial before building a full product
Recognize the importance of knowing your strengths and weaknesses as a founder
Discover how to "know the game you're playing" in the startup world
Identify the dangers of falling into the sunk cost fallacy
Gain perspective on realistic startup success rates
Appreciate the value of failing fast and learning from failures
Explore strategies for efficient idea validation and prototyping
Consider alternative paths to building successful businesses outside the VC model
The Pact
Honour The Startup Podcast Pact! If you have listened to TSP and gotten value from it, please:
Follow, rate, and review us in your listening app
Subscribe to the TSP Mailing List at https://thestartuppodcast.beehiiv.com/subscribe
Secure your official TSP merchandise at https://shop.tsp.show/
Follow us on YouTube at https://www.youtube.com/@startup-podcast
Give us a public shout-out on LinkedIn or anywhere you have a social media following.
Key links
The Startup Podcast is sponsored by Vanta. Vanta helps businesses get and stay compliant by automating up to 90% of the work for the most in demand compliance frameworks. With over 200 integrations, you can easily monitor and secure the tools your business relies on. For a limited-time offer of US$1,000 off, go to www.vanta.com/tsp.
Get your question in for our next Q&A episode: https://forms.gle/NZzgNWVLiFmwvFA2A
The Startup Podcast website: https://tsp.show
Learn more about Chris and Yaniv
Work 1:1 with Chris: http://chrissaad.com/advisory/
Follow Chris on Linkedin: https://www.linkedin.com/in/chrissaad/
Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/
Credits
Editor: Justin McArthur
Content Strategist: Carolina Franco https://www.linkedin.com/in/francocarolina/
Intro Voice: Jeremiah Owyang
View all episodes
By Yaniv Bernstein, Chris Saad
5
3636 ratings
Are you dreaming of launching the next unicorn startup? Before you quit your day job and pour your life savings into that brilliant idea, you might want to listen to this episode.
In this episode, Yaniv Bernstein is joined by Scotty Allen, startup advisor and founder of The Product Bus, to dive deep into the realities of startup funding, the risks of bootstrapping, and the importance of knowing which "game" you're playing as a founder.
In this episode, you will:
Understand the risks and challenges of bootstrapping vs seeking funding
Learn why validation is crucial before building a full product
Recognize the importance of knowing your strengths and weaknesses as a founder
Discover how to "know the game you're playing" in the startup world
Identify the dangers of falling into the sunk cost fallacy
Gain perspective on realistic startup success rates
Appreciate the value of failing fast and learning from failures
Explore strategies for efficient idea validation and prototyping
Consider alternative paths to building successful businesses outside the VC model
The Pact
Honour The Startup Podcast Pact! If you have listened to TSP and gotten value from it, please:
Follow, rate, and review us in your listening app
Subscribe to the TSP Mailing List at https://thestartuppodcast.beehiiv.com/subscribe
Secure your official TSP merchandise at https://shop.tsp.show/
Follow us on YouTube at https://www.youtube.com/@startup-podcast
Give us a public shout-out on LinkedIn or anywhere you have a social media following.
Key links
The Startup Podcast is sponsored by Vanta. Vanta helps businesses get and stay compliant by automating up to 90% of the work for the most in demand compliance frameworks. With over 200 integrations, you can easily monitor and secure the tools your business relies on. For a limited-time offer of US$1,000 off, go to www.vanta.com/tsp.
Get your question in for our next Q&A episode: https://forms.gle/NZzgNWVLiFmwvFA2A
The Startup Podcast website: https://tsp.show
Learn more about Chris and Yaniv
Work 1:1 with Chris: http://chrissaad.com/advisory/
Follow Chris on Linkedin: https://www.linkedin.com/in/chrissaad/
Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/
Credits
Editor: Justin McArthur
Content Strategist: Carolina Franco https://www.linkedin.com/in/francocarolina/
Intro Voice: Jeremiah Owyang
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