yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How to Raise Capital For Your Business | Shark Tank's Kevin O'Leary and Mark Cuban


2m read
·Nov 7, 2024

As an entrepreneur just starting out, I've been told that, um, I need to raise money from friends and family. Most of those people that are saying that have friends and family who have been able to give them, um, you know, sizable amounts of money. But for those of us who don't have that, those means and, uh, those contacts, what do I do?

Sweat equity is the best equity. You start smaller. You know, most businesses, I'd say at least 90, if not 95, or more percentage of small business startups can start without raising any capital at all. You just use sweat equity.

Now, obviously, we don't know what kind of business she's trying to start, but you just have to try to start smarter, smaller. The hard part for most people is that trade-off between do I keep my job, or how do I start a company when I have a job? Most people feel like they need to raise money so they can quit their jobs.

So, do you advocate they quit their job? No, no. Say, go make it happen. Get some revenue in. Prove it out loud. I worked as a bartender at night. I mean, whatever you have to do, that's part of being an entrepreneur.

So if you have to work on weekends, you have to Uber at night, Uber on weekends, so you have some income coming in. That way, you can work on your, um, company. Or you work your regular job during the week, and at night and weekends, um, that's when you work on your start.

So, the good news there is anybody can be an entrepreneur if they're willing to work their ass off 24 hours. That's what it takes. I mean, that's your message. You know, like they always say, entrepreneurs work 80 hours so they don't have to work for you.

More Articles

View All
Safari Live - Day 222 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. This is why the inclusion of McBride is such a firm favorite. [Music] It just looks ready for a fight; this is still her ter…
Why 80% of New Years Resolutions FAIL by today
What’s up you guys? It’s Graham here. So, how sad is this? 80% of New Year’s resolutions fail by the second week of February. And if you haven’t noticed, today is February 14th, the second week of February. Now, I know it’s also Valentine’s Day, but for t…
Dario Amodei: Anthropic CEO on Claude, AGI & the Future of AI & Humanity | Lex Fridman Podcast #452
If you extrapolate the curves that we’ve had so far, right? If you say, well, I don’t know, we’re starting to get to like PhD level and last year we were at undergraduate level, and the year before we were at like the level of a high school student. Again…
Kevin O'Leary Talks Hockey
Well, I want to get your thoughts on this breaking news: Brian Burke is no longer the president and general manager of the Toronto Maple Leafs. For full disclosure, I know the man; I respect him a lot. I like his discipline, his focus, and that’s probably…
Sam Altman on Choosing Projects, Creating Value, and Finding Purpose
Alright, the return of same moment! How’s it going? Nice to be back, right? How are things? Good! This is good. You know YC is gonna be huge next batch. Yeah! Interviewed like more than a thousand companies. I’m saying Open has been going really well. Exc…
5 Millionaire HABITS You Can COPY FOR SUCCESS | Kevin O'Leary
Hi there. As is usually the case, this week’s episode of Ask Mr. Wonderful was inspired by a question. This one from Zoe—really intriguing, loved that name by the way. Zoe writes, “I watched your Ask Mr. Wonderful episode when you explained how you made …