For many entrepreneurs, raising significant funds from investors sounds like a dream come true.
But Shark Tank judge and billionaire businessman Mark Cuban says outside capital isn’t the panacea new founders think it is. In fact, he suggested a completely different approach on a SXSW panel last month, CNBC reported: Launch “with as little money as possible.”
Although Cuban has offered nearly $20 million in 85 deals across 111 episodes of Shark Tank, per fan-run website Sharkalytics, he cautions against jumping straight to fundraising.