TMBA326: To VC or Not to VC, That is the Question

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Today’s show is the first of a two part series in which Dan and Ian are speaking with someone who’s been a great influence on them: David Heinemeier Hannson.

David is the co-founder of Basecamp and creator of Ruby on Rails. In this episode, we’re going to be talking about a subject that some see as a blueprint for getting mega rich and others consider a dirty word: Venture Capital.

Wade Foster also offers his thoughts and experiences of taking seed funding for Zapier, the company he co-foundered.

Transcript

Listen to this week’s show and learn:

The differences between success in the VC world and building a successful lifestyle business. (6:03)
How David and his partner decided to sell a minority stake in Basecamp. (16:38)
Why keeping yourself engaged in your business can end up being extremely profitable. (24:45)
How Wade’s life has changed since taking a million dollars in venture capital for Zapier. (25:51)
Why investing more money doesn’t always guarantee faster growth. (28:48)

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Dan & Ian