Why Raise Money If You’re Already Profitable? The Smart Growth Strategy
Summary
If your business is already making money, why take on investors? Michael Epstein explains why even profitable companies raise capital—to accelerate growth, take bigger bets, and dominate their market faster.
Transcript
Post pilot was growing, post pilot was profitable. Post pilot had some money in the bank. Why would you raise money?
Yeah. Well, there's a number of reasons that I think we decided to over old fashioned. One was we wanted to move even faster and we wanted to be able to move aggressively. Being a bootstrapped company, you still have to think about things a particular way.
You can't always make as many bets as you would like to make. You can't always hire as far ahead of where you're going as you'd like to. And having some additional, you know, cushion to be able to be more aggressive there was really attractive to us. We we know what we have with our platform and our capabilities, and we want to continue to accelerate our roadmap and our strategy.