News Summary

• Last month billionaire investor Mark Cuban shared some valuable advice for entrepreneurs.
• Cuban underscored the significance of bootstrapping and customer acquisition as opposed to fundraising.
• He advised entrepreneurs to concentrate on organic business growth, even if it takes longer, as it allows them to retain ownership.Cuban’s advice comes at a time when many entrepreneurs are heavily reliant on external funding to kickstart their ventures.
• He emphasized the need to focus on cash flow over sales and the importance of keeping costs low.