Diving deeper on one of episode 8's topic. Mike and Scott dig into the real mechanics of funding a business - when you actually need outside money, and what trading time, margin or control really means. Over Garage Project's Mon P'tit Chou and a steak and mushroom pie from Gladstone Butchery, they map out loans, VC and everything in between.

You'll learn:
-The three ways to fund growth - revenue, borrowing, or equity - and what you trade away with each;
-Why hitting a growth cliff is usually a sign your supply or delivery is the real constraint, not a lack of demand;
-How loan terms actually work - term, security and interest rate - and why a mortgage and a payday loan sit at opposite ends of the same spectrum;
-What VCs actually want to know before they write a cheque, and why your due diligence on them matters just as much as theirs on you;
-and why showing what you've already built with $5K-$50K of your own money is often more persuasive than a perfect pitch deck.

Beer: Garage Project Mon P'tit Chou - French Farmhouse Ale (5.0%)
Pie: Gladstone Butchery - Steak and Mushroom

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