99% of entrepreneurs will NEVER need investors.May 20, 2022
99% of entrepreneurs will NEVER need investors.
𝗛𝗲𝗿𝗲'𝘀 𝗪𝗵𝘆 ...
If you are thinking about starting or growing a business, it's natural to want people with money to invest in your venture.
This will make things easier, right?
Well, here's the reality. Of those who seek investors (angel investors, VC, private equity etc...) less than 1% get it.
That's just the facts.
But here's another fact. If you get good at marketing and sales, you'll NEVER need investors.
I'm a great example of this.
- I'm a 6x serial entrepreneur
- I've had multiple companies make the INC 500
- I've never taken in one-cent investment capital
Most of the successful entrepreneurs I know fall into this same category.
Am I against venture capital? Absolutely not. Some business models require it to ...
- develop their product
- launch aggressively
- scale rapidly to reach the right exit terms
But of the 1% that actually land investors, 90% still fail. Why? In most cases they didn't master marketing and sales (customer acquisition) because they were too dependent on the VC. When the VC $$$'s runs out, they are finished.
Instead of depending on VC, learn to be dependent on JC.
Who is JC? Jesus Christ.
It is He who will give you the ability to create wealth. (Deut 8:18)