Your Software Startup Doesn’t Need External Funding: Here’s Why (with Greg Head)

Jeff Francis | Founder of ENO8

What is a Practical Founder?

In this episode of ENO8 Answers, Your Software Startup Doesn’t Need External Funding, ENO8 founder Jeff Francis sat down with Greg Head to get underneath common misconceptions around startup funding.

Greg and Jeff have been in the startup game long enough to have seen its many evolutions, and their wisdom is super valuable. Especially as they challenge the dangerous belief that all software startups must begin with VC funding.

This assumption – that the path to success must begin with a huge influx of external funding – flies in the face of being what Greg Head calls a “practical founder.”

In fact, Greg is such a believer in the tenets of practical founding that he started the Practical Founders podcast and network.

Greg is a long-time advocate for bootstrapped SaaS companies. In this episode, he breaks down what it really means to be a Practical Founder. He and Jeff talk about why most software businesses don’t need venture capital to succeed and they share the real key to sustainable growth.

Why Most SaaS Companies Don’t Need VC Funding

Watch this episode to get Greg’s insights on what founders should focus on from day one – instead of chasing VC funding.

If you’re a first-time software startup founder, a successfully exited founder returning to the game, or considering launching a startup…you’re going to want to tune into this episode. Greg also dives into common themes he covers at Practical Founders, like:

  • Why VC funding is like taking hardcore drugs (yep, we said it!)
  • The mindset shifts needed to build and lead a lasting, profitable company
  • Commonalities between successful SaaS founders
  • What type of validation ACTUALLY matters for increasing odds of success
  • Why your solution needs to be 10x better than what’s already out there
  • Why your successful business might no’t even attract VC funding, even if you wanted it

If you’re a software founder trying to build something meaningful, this conversation will hit home. Don’t forget to subscribe to ENO8 Answers below for more real-world business insights from experts like Greg.

Watch or Read…Just Make Sure You Get the Scoop!

If you’d rather read the deets than watch the video, you’re in luck. We summarized the Why Your Software Startup Doesn’t Need External Funding video in this blog.

When Will Your Software Need to Be Rebuilt?

When the software starts hobbling and engineers are spending more time fixing bugs than making improvements, you may find yourself asking, “Is it time to rebuild our software?” Take this quiz to find out if and when to rebuild.

 

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