Types of Capital - The Hidden Risks of Bootstrapping That Could Sink You w/Scotty Allen (Edu)

Are you dreaming of launching the next unicorn startup? Before you quit your day job and pour your life savings into that brilliant idea, you might want to listen to this episode.

In this episode, Yaniv Bernstein is joined by Scotty Allen, startup advisor and founder of The Product Bus, to dive deep into the realities of startup funding, the risks of bootstrapping, and the importance of knowing which "game" you're playing as a founder.

In this episode, you will:

Understand the risks and challenges of bootstrapping vs seeking funding Learn why validation is crucial before building a full product Recognize the importance of knowing your strengths and weaknesses as a founder Discover how to "know the game you're playing" in the startup world Identify the dangers of falling into the sunk cost fallacy Gain perspective on realistic startup success rates Appreciate the value of failing fast and learning from failures Explore strategies for efficient idea validation and prototyping Consider alternative paths to building successful businesses outside the VC model

The Pact

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Key links

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Learn more about Chris and Yaniv

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Credits

Editor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Justin McArthur⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Content Strategist: Carolina Franco https://www.linkedin.com/in/francocarolina/

Intro Voice: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jeremiah Owyang⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠