@Ed_FilmBooth Creators can earn big with affiliates even if their marketing sucks.
By creating your own marketing material you have more control and can make way more sales.
@TechNinjaSpeaks @justmattgray Not carrying a balance is the right move. You can use personal cards for business, but your score gets temp penalized if you use more than 3-10% of your overall available balance.
The limits on the biz side are also higher and don't have such penalties, so you have more flex.
1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn. If you are unfamiliar that is the Canadian exchange that collapsed in 2019 after the founder Gerald Cotten disappeared with $169m
I have confirmed this with Daniele over messages.
When building a portfolio of investments that can have non-linear outcomes, never sell early.
You may be right most of the time, but the one time you’re wrong will cost you most of the returns.
1/15 An oldie but goodie, some light holiday reading - What I look for in a pitch deck
-Intro
-Problem
-Solution
-Market Size
-Business Model
-Traction
-Pipeline
-3-5 Year Projections
-Go-to-Market Strategy
-Competition
-Team
-Ask
-Closing
#vc#startup#funding#pitch
This right here is one of the reasons more don't take the entrepreneurship path. Who wants to take the risk? Esp, if dependents are involved.
I agree with OP though, take the chance if possible.
Capitalize the creators.
(3/4) The fear of being thrown out on the street has prevented many people from starting their ventures. Not many people have the luxury of healthy savings or a support system, especially in communities of color (that's why when I hear "raise from friends and family," I laugh).
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This month alone, I’ve spoken to 3 founder/CEOs who had to get permission from their larger investors to do something that, IMO, they should be able to decide on their own. Please research the different ways you give up control before raising large sums from funds & institutions.