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Investors want to know if you're making money, but maybe your product can't be created without investment.
This month on Exploring Product, Ryan and Robert discuss the balance between cash in the bank and money needed to validate and grow your business - the ultimate chicken-and-egg problem for founders.
Learn the mindsets and approaches to navigate this common problem and start raising money and getting first revenue.
00:00 - Introduction
01:03 - Generate Revenue or Raise Capital First?
03:27 - Fact or Fiction: "You need money in order to build a product."
14:49 - Fact or Fiction: "Funding affords your business expertise & resources for growth."
25:01 - Fact or Fiction: "It's better to have 20% of a unicorn than 100% of a small company."
39:02 - Fact of Fiction: "You need funds to find and scale Product-Market-Fit"
48:24 - So should you raise?
52:27 - Wrap Up