“Number one would be not taking equity out early enough… it costs you nothing to do that process… if valuations come back good, you can pull out cash to invest”
PN
Pat Noll
Equity Mates Investing Podcast ·
The Lazy CEO Podcast with Jane Lu · Hairification: The Costly Mistakes Founders Make When Scaling a Business
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advocated not giving equity to co-founders or early hires just because cash is limited
“Number one would be not taking equity out early enough… it costs you nothing to do that process… if valuations come back good, you can pull out cash to invest”
“We've got a mix of debt and equity because they serve different purposes… debt preserves shareholding, equity gives quick capital”
“We raised money from influencers and we also gave them equity and in fact, paid them to promote in equity instead of cash”
“You should never take on partners because you feel lonely… cash is temporary, equity is forever”
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