If you’re an entrepreneur it’s hard not to have fallen in love with HBO’s Silicon Valley. It’s arguably the most authentic look at the trials and tribulations that we startup founders have to face daily—despite being satire. While I could go on and on about how this series speaks the truth, one of the most interesting topics discussed on the show is how the fictional company, Pied Piper, receives funding and its effects on the team.
Advice on Funding your Startup
As the series demonstrates, funding is both a blessing and a curse. While it’s vital that your startup raise money to help it scale, it also comes with cons like losing control over your company to potential investors.While there are plenty of reasons why self-funding is popular, founders have realized that by going in this direction, they can retain control of their company and be more careful with spending. Self-funding also allows them to be more creative since they have to think outside of the box, and it gives them more time to work on their business, instead of preparing and meeting with investors.
