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Mark Cuban: Only Morons Start a Business on a Loan

Dear Debt Fighters,

A great short piece from Mark Cuban.  I agree with Mark Cuban that starting a business from a loan can be dangerous.  The main key is to grow the business by bootstrapping or self financed.

Then fail and fail fast.  Then get traction and then consider scaling with outside funding.  Another reason to grow a company with self financing is that you have leverage when you approach venture capitalist with the term sheet.

Enjoy,

Professor Savings

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