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
David Coleman, College Board CEO, on school closures impact to SAT & AP exams | Homeroom with Sal
Stream. For those of you all who have not been here before, this is a way for us all to stay connected. As you have now school closures around the world, Khan Academy is a not-for-profit with a mission of providing a free, world-class education for anyon…
The Oldest Unsolved Problem in Math
This is a video about the oldest unsolved problem in math that dates back 2000 years. Some of the brightest mathematicians of all time have tried to crack it, but all of them failed. In the year 2000, the Italian mathematician Piergiorgio Odifreddi listed…
Solid waste disposal| Aquatic and Terrestrial Pollution| AP Environmental science| Khan Academy
Time for a little trash talk. The United States produces more solid waste each year than any other nation, and as we make more and more trash, we’re running out of places to put it. There are two main types of solid waste: industrial solid waste and munic…
Why Investors Can’t Fix Your Company – Dalton Caldwell and Michael Seibel
Hey, Dalton, you’re a pre-product market fit. Do you have five-year financial projections? That’s a great example of that. Financial projections may be a good idea later stage, but to even ask me if I had financial projections, I was like, what’s a financ…
Human Superpowers You Could Have Soon
You know monkey has been able to control the computer with its brain. Just yeah, so your brain is composed of neurons. Neurons connect together and form a network that can talk to each other through synapses. They’re the connection points between neurons,…
The Secrets of El Castillo | Buried Truth of the Maya
MEMO: It’s magical just to be here. I’m thinking about how many thousands of stones are overhead, man. So let’s not think a lot about that. KENNY BROAD: My name is Kenny Broad. I’m the mission specialist. NARRATOR: Kenny Broad is a National Geographic e…