Episode 326: TMBA326: To VC or Not to VC, That is the Question
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 3 March 2016
⏱️ 34 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/dhh/ Today's episode is the first of a two part series where Dan and Ian are speaking with David Heinemeier Hannson. David is the co-founder of Basecamp and the creator of Ruby on Rails. Truth be told, DHH has been a huge influence on the Tropical MBA podcast. In this episode, we're going to be talking about a subject that some see as a blueprint to getting rich, and others see as a dirty word: Venture Capital. Later on in the show, you'll hear from Zapier co-founder Wade Foster on his thoughts and experiences on seeking venture capital funding for his own company.
Transcript
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| 0:00.0 | The problem with the VC pipeline is that it's so optimized, and it has to be to make the numbers work for the casino, the house. |
| 0:08.8 | For the house to win, the numbers have to be like that, that they have to be gearing these companies for the billion dollar exits. |
| 0:17.4 | That's what pays for the whole party. |
| 0:19.5 | In trying to do that, they're also minimizing |
| 0:22.1 | the chances that something comes out and it's just a nice $5 million a year business. |
| 0:30.2 | Hey, podcast, listener. Even if you are alone in your entrepreneurial journey, know that today, |
| 0:35.1 | right now in your earbuds, you are joined by thousands |
| 0:37.8 | of entrepreneurs from all around the globe seeking to grow better, more profitable, location |
| 0:43.0 | independent businesses. If you'd like to learn more about what we do and download our entire |
| 0:48.3 | back catalog, check out tropical MBA.com. |
| 1:04.6 | Today's show is the first in a two-part series where we talked to someone who's had a huge influence on Ian and myself. |
| 1:06.6 | In fact, I got to say I was genuinely nervous before this phone call. |
| 1:11.0 | I won't speak for you, but I'll give you a chance to speak. Were you nervous? I was nervous. Yeah. This interview was a big deal for us. It was a bit of a reach for what we generally do on the TMBA podcast. So I'm happy that Jane was actually the person that reached out to him and he was able to come on the show. And I'll tell you what, the nerves went away in the first five or ten minutes. |
| 1:29.7 | We talked about race car driving. out to him and he was able to come on the show. And I'll tell you what, the nerves went away in the |
| 1:28.3 | first five or ten minutes. We talked about race car driving. We talked about partnerships. We talked about |
| 1:34.2 | VCs versus bootstrapping business. I mean, the conversation went for over an hour. We're going to |
| 1:40.0 | have to split it up into multiple parts because we just touch so many things. So today's guest, |
| 1:44.7 | if you haven't guessed already, is the co-founder of Base Camp and the creator of Ruby on Rails, |
| 1:49.9 | David Hannah-Mier Hansen. On the internet, he's known as DHHH. In this episode, we're going to be talking |
| 1:55.7 | about a subject, some see as a blueprint for getting rich, and others see as a two-letter swear word. |
| 2:01.9 | I'll give you a guess, Ian. |
| 2:03.0 | VC. |
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