Cole: Raising more venture capital reduces founders' chances of a meaningful outcome
Nicolas Cole · Why a Gamer Mindset Can Change Your Life and Business with Nicolas Cole and Dickie Bush · Jan 19, 2023 · at 52:44
Nicolas Cole, bootstrapped founder of Ship 30 for 30, argues against the traditional venture capital path in favor of small, highly profitable businesses.
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“Every time you raise more money, your success chances go down, not up. That's the big aha, is that every time you move the goalpost, You're the chances of you actually having a meaningful outcome go from, you know, 20% to 10% to five percent to one percent to half of one percent to. And when you start to net it out, you realize it is significantly easier to make a million dollars a year than it is to have an exit that pays you one to ten million dollars.”
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