Mark Evans DM shares why entrepreneurs should ask for more capital than they think they need. He gives an example: if you need ten grand, ask for a hundred and you might get fifty. Under-capitalizing his own ventures cost him a decade of growth.
"Ask if you need ten grand, ask for a hundred... they give you fifty."
Always paying investors back.
10 years.
You know, when I was in real estate and I was, like, barely getting by, I always asked for just enough, not enough. You know, ask if you need ten grand, ask for a hundred. Shit, they give you fifty, you're still ahead of the game, you know, and now you actually have some. You know, you're gonna mess it up a little bit, so you got to mess it up and then just don't. Make sure you pay back your investors. Number one rule, always paying investors back. But especially if it's my money. If not, we'll say guido, but. But no, in all seriousness, man, you got to just ask for more money. That was. That's where I messed. It slowed my growth 10 years because I was trying to build my business out of my bank account, and there was not much in it. Every time I got in it, I was gonna blow it and be silly as opposed to reinvest, reinvest, reinvest and grow because I wanted to be cool. But like that, like, ask for more money.
