Sol Orwell of SJO.com makes a compelling case why you should build a cash flow tech company and not take third party financing. He shares the upside and downside of self-funding your own business.
This was presented at Tech Toronto February 2016.
Hi I’m Sol
Been at it for 15 years
Investors have offered $
Friends congratulate me
21st century success story
INTERNET FAMOUS
Turned them all down
Easy to be memserized by upside
Im not against funding
Fulltime or part time job + friends or family?
How cheap things are now!
SaaS solutions make life easier
In a position to take advantage?
Hodl out!
Unicorns are cool
Take a step back - is that what you really want?
This is the one that is most important to me
As the majority owner
I am the decider
Raise enough capital, other fingers in the pie
I know a lot of founders burned
Investor’s first responsbility is to make money
Aspect that often gets overlooked
Funded companies are notorious for being gignatic time sinks
This is what it is really about
What do you want in business AND in life?
For me, freedom.
At the end of the day, I operate a business to provide for a lifestyle I want