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Raise more money than you need


Think you’ve raised enough money for your startup? Think again. You’ll face a minefield of unexpected expenses — and opportunities. So raise more money than you think you need — possibly a lot more. MInted founder & CEO Mariam Naficy shares her white-knuckle experiences founding startups that survived two financial crashes – online cosmetic company in the ’90s, and the design boutique today.

“You’ve got to factor in all the failures and all the optimizations that really kill great entrepreneurs and businesses all the time.”

— Mariam Naficy
About the guest:

Mariam Naficy is the founder and CEO of Minted, an online marketplace for artists and designers with nine-figure revenue. Her first startup,, launched at the height of the dot-com boom and sold for over $100 million.

About the host:

Reid Hoffman is the host of Masters of Scale. A Silicon Valley entrepreneur and investor, he’s known for his spot-on insights on how to scale a startup. He’s a partner at Greylock and co-founder of LinkedIn, and co-author of the best-selling Blitzscaling and The Startup of You.

Also featured in this episode:

Daniel Kahneman won a Nobel prize in 2002 for his work on behavioral economics and the psychology of judgment and decision-making.

Amos Kedmey was the founder and VP of The Wine & Cheese Place (formerly Roasting House), a beloved food shop in St. Louis, MO.

As an entrepreneur, you need to raise more money than you think you need – and potentially a lot more.

Transcript of Masters of Scale: Raise more money than you need
Masters of Scale’s mission is to democratize entrepreneurship. Launched in 2017 as a weekly podcast featuring Reid Hoffman, we’re now two weekly podcasts — Masters of Scale with Reid Hoffman, and Masters of Scale: Rapid Response, hosted by Bob Safian — as well as an award-winning daily learning app, a best-selling book, virtual and live events, and more, serving a global community of founders, funders, and leaders looking to innovate at scale.
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