I have a team, we build stuff people pay us for, there are more people to pay us if we call/meet more of them. I need capital to stop calling these people and start focusing on a product that can significantly change peoples lives while meeting payroll, but I am SCARED TO NO END of taking other people’s money and losing it; especially people I respect which are the only people I would take money from.
I know plenty of people who take money and justify it as others getting access to returns later on, for risk today, but this is bullshit, especially when you see some of the mismanagement that goes on in startups eg: launch/holiday parties, mis-hiring, mis-firing, etc…
I have seen friends fail and lose investors money and I know that I couldn’t handle letting someone down that much; I just couldn’t look them in the eye after making the promises I would need to make. It’s not a self-esteem issue, it’s a reality issue; there is a good chance I will fail and lose someone’s money, but I will fail faster if I take the money instead of funding growth with revenue that I have actually earned and is entirely mine to lose.
Amazing how one man’s seemingly noble personal values keep an entire group of people from reaching their full potential.