Secondary Funding: Nuances Founders Must Consider Beyond Finances

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Brick by Brick

Brad Redding, Nate Winkler

15 episodes

2 months ago

Welcome to Brick by Brick, hosted by serial entrepreneurs Brad Redding and Nate Winkler. On this podcast you'll learn lessons from the trenches that have led to multiple exits from SaaS to Supplements, and the tools to help you build, invest in, and exit your own business.

All content for Brick by Brick is the property of Brad Redding, Nate Winkler and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business,

Investing

Secondary Funding: Nuances Founders Must Consider Beyond Finances

Brick by Brick

28 minutes

1 year ago

Secondary Funding: Nuances Founders Must Consider Beyond Finances

In this episode, we explore secondary funding for your business. Learn the signs it's time to consider this option, the pros and cons, and how it impacts your acquisition timeline. We also discuss alternative funding methods like personal investments, loans, and revenue optimization. Key takeaways: be transparent with investors, believe in your business, and be prepared to continue operations post-funding.

Timestamps:

(00:00) Securing primary investment vs. secondary investment explained.
(07:52) Analyzing business strengths, weaknesses, opportunities, and threats.
(11:30) Timing with Elevar influenced our chosen direction.
(15:46) Moving conversation forward on pursuing secondary funding.
(18:07) Startup financing options
(24:33) Founders often struggle with the 80/20 rule.
(27:07) Money doesn't buy happiness; find fulfilling work.

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Links:

Learn more about Brad Redding / Connect on LinkedIn and Instagram

Connect with Nate Winkler on Instagram