"I think the biggest mistake people make is once they have an idea and the goal of starting a business, they think they have to raise money," Cuban said on Thursday's episode of Seacrest's podcast "On Air."
"And once you raise money, that's not an accomplishment, that's an obligation," because "now, you're reporting to whoever you raised money from." Cuban says entrepreneurs who rely on outside funding can become too beholden to the interests of their investors, who might have a different idea of how to grow the business.
"If you can start on your own … do it by [yourself] without having to go out and raise money," Cuban tells Seacrest.
MakeIt ... yet he’s on a show that offers investment into startups 🤔
MakeIt Undercapitalization
MakeIt
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