i appreciate you talking to us. you have been a venture capitalist and then you raised money from venture capitalists. yes. what do you think about venture capital money, pros and cons? i m a big fan of it. when i think about venture capitalists i think able baseball. if they re a baseball player and they have at-bats they re trying to hit ten grand slams. they might hit one grand slams. the pluses are you have a chance to be a million which is really nice if you want to be a millionaire. the minus is there s a really high likelihood that you re going to make nothing, essentially. the big, big trade off when you raise venture capital not everyone should. how is that different than hazing money anywhere else? why would your chances be different? let s say you want to boot strap it or raise friends and family money, you have a much higher likelihood of making $1
book inbound marketing, get found using google, social media and blogs. that s right. appreciate you talking to us. you have been a venture capitalist. and then you raise money from venture capitalists. yes. what do you think about venture capital money? pros and cons. i m a big fan of it. when i think about venture capitalism i think about a baseball analogy. venture capitalists if they re a baseball player and have ten at-bats, they re trying to hit a grand slam on every swing of the bat. they may hit one grand slam and strike out ten times, essentially. so it s a very risky game. if you re going to raise money from a venture capitalist the pluses are you have a chance to be billionaire. the minuses, there s a really high likelihood you re going to make nothing, essentially. there s the big, big trade-off when you raise venture capital. how is it different than raising money anywhere else? why would you chances be different? let s say you want to boot strap it or rais
has been getting calls from google, facebook, microsoft, oracle. and guess what, every time he told them he wasn t interested. we should all be so lucky. this is a guy who is so smart, so talented, that he is deciding to take some venture capital money that he thinks he s going to get, and start his own company. that s the kind of environment that we re dealing with in silicon valley. there s so much money, and there s so many part people around here they feel like they can, you know, do it their own way and try to make some money at the same time. good for him. what kind of skills are needed. reporter: you know, the skills that are needed are very specialized, as we said. if you have a computer science background and you have computer programming skills, you can really do well. and i want you to listen now to a guy from a start-up called swear. this is the chief operating officer for swear, and he talked about really what it takes to get hired. and he talked about the competitiven
if you can t live then you re done. exactly. so, she was lucky, right? she got mike and his whole team there. if you re a small business owner and you don t have this rescue team come in, how can you take a step back and look to see what you can improve? well, i think one of the things at the end of the day, mike was an adviser and brought in an advisory board. i think it seemed to me, looking at what jane was doing, she lacked having experienced, folks give her advice along the way. i m a venture capitalist and when we invest, we re looking at finances, helping do all these things. if you re a small business owner, you ve likely taken venture capital money, taken money from friends and family, but i think getting the outside help, things like mike did, look in your community who knows about accounting or finance? it might be a family member or a friend, you might have to pay somebody, but those things are critical for a small business owner. people are willing to help, espec
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