Business
Is it more stressful to start a company by bootstrapping or venture funding? In this episode, we interview Joseph Fung, founder of five different companies. Joseph shares his experience and highlights the pros and cons of bootstrapping vs. venture funding. Some of the big takeaways of this episode are here: Joseph explains from his experience the difference in point of view of the consequences of using other people's money in a venture backed company and how the influence from other investors affects your decisions versus starting up a bootstrapped company.A venture backed company faces different stressors than a bootstrap. it's more difficult for a bootstrapped company to fail significantly whereas when venture backed companies start to fail, they tend to fail very quickly.Is starting up a VC backed company something that someone new to business can do, or do you need experience with previous startup companies?What is a B Corp, and can they help make the world a better place?Be sure to follow Joseph online at Joseph Fung, LinkedIn, Kiite Facebook, TwitterHave questions? Join the Building It Online Facebook group and let us know what questions you have or what you'd like to see in future episodes.Connect with Brice and Mike here:Brice @ Major Impact Media - Facebook, WebsiteMike @ Outside ROI - Facebook, Website