Michael Covel's Trend Following cover image

Ep. 284: Jason Fried Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Importance of Raise Capital From Your Customers

I relate highly to what you're saying because I started catering to clients in 96 online. It used to make no sense to me because nobody was making money. A lot of people don't want to be in business for a long time. We have to raise money from somewhere because other people need money from you. Where do you raise it from? We've chosen to raise it from our customers by selling them something. Other companies will choose to raising it from investors. Whatever they have to do, we just do the simple thing, which is we try and make something people pay us for it. That's how we get our money from. And that's more sustainable long term.

Play episode from 08:03
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app