Maynes: Will Not Accept Outside Financing That Sacrifices Company Control
Jeff Maynes · Jeff Restarted a Company at Minus $5M. Here Is What He Learned · Apr 11, 2023 · at 5:21
Serial entrepreneur Jeff Maynes discusses startup financing and company governance on We Live to Build.
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“Bootstrapped is by far my favorite, and the last couple have been that way, and, you know, will be going forward, just because it really gives you ultimate freedom, and so I've done it the other way where I've had investors. I've done debt financing. I've done a number of different ways of company funding, but really being the You know, the master of my own destiny is, is something that is important and building a company not to make a quarterly number or to make an investor happy, but really being able to make the choice and have the freedom to make the choice that's right for the company and for the employees and for the clients long-term. And so for me, that's just kind of a core value and a line in the sand that I drew that I'm not going to take outside financing if I lose that kind of control.”
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