Summary: Never miss an episode! Subscribe in iTunes: Audio (http://bit.ly/TwiStA) (http://bit.ly/TwiStA) || Video (http://bit.ly/TwiStV) (http://bit.ly/TwiStV) With GoToMeeting, "meeting is believing". Visit http://www.gotomeeting.com (http://www.gotomeeting.com/) and use the promo code TWIST to begin your free 30 day trial. http://twitter.com/gotomeeting (http://twitter.com/gotomeeting) ShareFile by Citrix: Secure file transfer, built for business. Visit http://ShareFile.com (http://sharefile.com/), click the microphone and enter the code TWIST to get a FULL 30 day FREE trial. After joining, send a file request to sharefile@launch.co (mailto:sharefile@launch.co) to gain access to the exclusive “Top 10 Twist Questions” video! http://twitter.com/sharefile (http://twitter.com/sharefile) ========================== Jason answers viewer questions and gives advice on fundraising. Follow on Twitter: http://twitter.com/jason ============== Full Transcript Distribution provided by CloudSigma. The cloud that adapts to you. Visit CloudSigma.com/ThisWeekIn, for a free $200 credit. Today's episode of ThisWeekIn Startups is brought to you by ShareFile from Citrix. Secure File Transfer, Built For Business. Visit Sharefile.com, click on the microphone and enter TWIST for a free 30 day trial. And by GoTo Meeting. Sign up for GoTo Meeting using promo code: TWIST to begin your free trial. Jason: Hey, everybody. Hey, everybody. It's This is ThisWeekIn Startups. The program where we learn how to build companies. What do you need to build a company? You need a great idea, you need a great team. But you need fuel. You need money. This is the episode, the All Ask Jason episode where we focus on moolah, cash, hundies, hundies of millions, money. How to raise money. All the questions you have about getting money to fund your startup, we're going to answer today. Stick with us. TWiST title sequence. Jason: Hey, everybody. Hey, everybody. Ah. Hello, everybody. Hello, everybody. It's been a long time since we've done an Ask Jason episode. When we started the show, ThisWeekIn Startups, like four years ago we used to do Ask Jason all the time. What is Ask Jason? It was just people asking me questions. I've run a couple of startup companies. You guys know who I am. I am perfect proof that a broken clock is right two times a day. I've been an entrepreneur my whole life, 20 years. I watched my dad, as an entrepreneur, suffer through running bars in Brooklyn. Let me tell you something. I grew up in a bar. I learned the business from people who were running numbers, dealing drugs, selling booze, scalping tickets. LIke I was on the streets. I learned business from criminals and legitimate entrepreneurs like my dad. But that's how I learned entrepreneurship. I know it's funny. It's crazy but it's true. It's true. I knew the guy who was the bookie. I was fascinated with the bookie in my dad's bar who was running numbers and how his business worked and the vig. How he made money no matter who won or lost a Giants' game. Weight. He wasn't taking one side. He was making money if they won or they lost. I loved that. That's just like Ebay or PayPal. They make money no matter what, right? Transaction fees. All good. Anyway. It's a non-sequitur. People tell me they like to know my background and why they should listen to me if at all. Well there's another reason to listen to me. I built a lot of companies over 20 years. Most, the did OK. But a couple did spectacular. That's what I learned from my friend, Mark Cuban, who's invested in two of my companies. Hold on a second I dropped a name. I'll get it. Alright I got the name back. Mark told me a broken clock is right two times a day. You only need to be right once. That's the great thing about entrepreneurs. Most fail, 8 out of 10 fail. So if 7, 8 even 9 out of 10 entrepreneurs fail that is incredibly depressing or completely inspiring. Why? Well if 7 out of 10 fail that means you've only have to go 3, 4,
