Editor’s Note: In the new podcast Masters of Scale, LinkedIn co-founder and Greylock Partners Reid Hoffman explores his philosophy on how to scale a business — and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences in our hub. This week, we’re discussing Hoffman’s theory: you need to raise more money than you think you need — and potentially a lot more.
When it comes to raising capital, there are two schools of thought: raise as much as you can and raise only as much as you need.
Related: To Grow Your Business, You Need to Handcraft Your Experience With Early Customers
Each has its advantages and drawbacks, and many debate on which is better: having money to grow quickly or giving up control….